
Those of you who read my previous entry Protect Yourself-Buy Now! shouldn’t be as surprised about the overnight interest rate jump, as those of you who didn’t read that entry.
Anyway, last the interest rates took a significant jump last night, which may indicate that we are headed for that inflationary economy that usually is the rebound response to recession. Even the news has been reporting that it seems as though the housing slump is starting to recover. If this is in fact true, hold on to your hat!
As I mentioned my previous entry: if you’ve been sitting on the fence about buying home, waiting for the prices to drop even further: now is the time to make your move. You don’t want to wait too much longer if this is truly the beginning of an inflationary economy because who knows how high the rates will go and how fast they will get there. If they climb anything like the gas prices do – we won’t know what hit us!
Again, now is the time to purchase a home and lock in at a low rate!