Interest Rates to Rise 2010

According to Realtor magazine we may see interest rates creep up throughout 2010. The prediction according to Amy Crews Cutts- deputy chief economist at Freddie Mac they will likely rise to 6% by the end of 2010. The cause is the end of Federal Reserve program that buys mortgage backed securities. This will drive rates up because private lenders will demand more return then the Feds. So if you are looking to buy in 2010 buy early on to avoid these rate increases and be able to avoid more home for your payment. Give us a call if you would like a free list of homes that fit your interest.