Fed to Leave Rates Alone

Are we finally beginning to see a leveling off? The economy seems to be all over the place, the Dow was up yesterday! Rates are going to settle in place? This could be a good turn for the Lexington Kentucky Real Estate market along with the national real estate market. The more and more we look towards the future and paying attention to the bottom line we know that it still comes down to the basics: What can I afford to pay each month?! This isn't necessarily the right thing to do, but it is how things are evaluated and looked at!

Fed Expected to Leave Rates Alone This Week

The Federal Reserve, which meets Tuesday, is widely expected to leave key interest rates at 2 percent, which would keep the prime-lending rate for consumers at 5 percent.The Fed has signaled that its next move on rates is probably up, although the timing is unclear.Charles Plosser, president of the Federal Reserve Bank of Philadelphia, last month said the Fed probably will need to boost rates "sooner rather than later" even if employment and financial conditions haven't revived. Richard Fisher, president of the Federal Reserve Bank of Dallas, opposed the Fed's decision in June to leave rates unchanged. He said he preferred a rate increase then to fend off inflation.Source: The Associated Press, Jeannine Aversa (08/03/08)

Stay tuned to www.InvestSmarter.com for more information on this and other trends in our ever changing Real Estate Market.