Interest Rates dip slightly
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Interest rates for buying a home on the Palos Verdes Peninsula decreased slightly this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "The summer of stability for mortgage rates continued this week, with few signs that the flat pattern which has persisted for months will change significantly anytime soon. The nation's rising economic output has encouraged the Federal Reserve to slowly end their program of Quantitative Easing, where they have accumulated trillions of dollars of Treasuries and Mortgage-Backed Securities. A firming economy coupled with a less-accommodative Fed and accompanied by a very robust stock market would typically see interest rates running firmer than not, but various and emerging issues around the world have...
Comments
1