Banker's Corner

Interest Rates - What, Why, and What Now?

As 2009 draws toward a close I thought it might be worthwhile to take a look at current mortgage rate levels as well as were they have been in the last year.  If you have been following real estate at all you know rates have been historically low for a very significant period. These sustained low rates have been the result of the Federal Governments intervention to create demand for mortgage backed securities as well as low inflation expectations in the marketplace.

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