While the Federal Reserve has promised to keep rates "low" until 2013, it is clear to many experts that the current historical lows we are experiencing will not last.
According to the latest projections from the National Association of Realtors® (NAR), interest rates should gradually rise out of historic lows as we move through 2012.
This isn't the most welcome news for a housing market that has continued to falter and a credit market that already has tightened lending standards
The NAR reports that current surveys reflect the tight credit conditions. They report that recent buyers are staying well within their means, with higher incomes and higher down payments.
Call (888) 845-2408 to learn about home buying options in El Paso, Fort Bliss, Texas.
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