Mortgage Rates Going Nowhere For Now

By Tony Marriott • February 27th, 2010

Interest rates aren't going anywhere until recovery is stableInterest rates appear to be staying put until the US economy gets back on track.  This past week Ben Bernanke, chairman of the Federal Reserve, announced his desire to keep interest rates low due to the fragility of the economy.

Unemployment figures are continuing to rise.  These increasing unemployment figures are interfering with recovery and affecting real estate and general sales figures across the country.

Historically low interest rates and low home values combined with the extended and expanded First Time Home Buyer Tax Credit, have been instrumental in boosting real estate sales in the United States.  These incentives are bringing buyers off of the sidelines and have created a true “buyer’s market”.

Real estate is typically a catalyst for for economic recovery and keeping mortgage rates low will be a significant help in keeping the sales coming in the Phoenix Arizona real estate market.  Click here to see a recent article about Ben Bernanke and his commitment to keeping interest rates low.

To find out how you can take advantage of the low interest rates when purchasing Phoenix property for sale or to view homes for sale in Arizona, please contact Phoenix realtor Tony Marriott.  The Tony Marriott Team would love to show you available Phoenix real estate for sale and can be reached at 602-445-6299 or by email.

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