Wednesday, August 08, 2007

And what did the Fed Say?

So with all the turmoil in the credit markets, there was a glimpse of hope that the Federal Reserve would decrease interest rates. However the Feds agreed to keep interest rates at 5.25%. The Fed's primary concern right now is inflation.

To find out more visit the article at The Wall Street Journal (

This has been a disappointment for those in financial markets who hoped the Fed would more clearly hint at the possibility of a rate cut in the next few months. The good news is that interest rates are still the same and are not going up or down.

Although it can be tougher to get a loan these days, it's really important that you work with people that have experience and knowledge of previous real estate markets. Nancy Sanborn, of The Sanborn Team, has been selling real estate for almost 30 years and has been through some of the toughest markets. When it comes to selling or buying, working with agents that have experience is key to making sure that your transaction is smooth and seamless.

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