what's gonna happen to the interest rate right now in the usa, since the dollar is going down compare to euro and pounds. what will happen in the next few months in our interest rate especially to mortgage?
2006-11-25 09:54:35 · 3 answers · asked by Ranma 1 in Business & Finance ➔ Renting & Real Estate
Lots of pressure to lower interest rates, but personal and government debt is still pretty high.
Look for flat to very slightly lower (-1/4%) till March. New mortgage interest rates for good credit risks will go down just a little.
If we get inflationary news that does not cause a dip in the economy, then up 1/4%
If we get inflationary news that DOES cause a dip in the economy (OIL price up) we stay flat.
2006-11-25 14:23:05 · answer #1 · answered by Rockies VM 6 · 0⤊ 0⤋
If growth hasn't been threatened, I think they'll raise interest rates if they're concerned about inflation.
2006-11-25 12:50:01 · answer #2 · answered by STEPHEN J 4 · 0⤊ 0⤋
probably stay the same
2006-11-25 10:02:50 · answer #3 · answered by goodtimesgladly 5 · 0⤊ 0⤋