Saturday, May 20, 2006

Where are Interest Rates Going???

The consensus is either Up or Holding:

Those who say UP: Bank of America's economist Peter Kretzmer believes that the 0.3% rise in the "April core CPI significantly raises the chances of a late-June tightening to a 5.25% federal funds rate target."
Those who say HOLDING: Insight Economics LLC's weekly survey, which is a consensus of 50 economists, indicates that the Fed will hold the fed funds rate steady at 5.00% at their June 29th FOMC meeting.

So the only thing they can agree on is that rates are not going down. Ready to buy something? Give me a call at (805) 901-8805.

Lorraine, Realtor


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