Interest rates just went down to 4.63%, thanks to Greece.
This is very good news for real estate investors as well as the general housing market.
Markets are down in Europe because of turmoil in countries like Greece. Also it could be because of low inflation. But will inflation stay low?
Probably not, if history guides us.
However, it is a fluid situation and a roller coaster ride. Some experts think the Federal Reserve will keep interest rates down for a while. For how long, we don’t know.
That means it’s a good time to refinance.
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- Jose Ferreira: Greece’s Pieces (huffingtonpost.com)
- Bank of England Divided on Inflation Outlook (abcnews.go.com)
- China expects inflation to rise in May, June (seattletimes.nwsource.com)
- Go ahead and default, Greece! (money.cnn.com)
- Crisis-hit Greece struggles to attract tourists (msnbc.msn.com)
- Greece crisis: warning to travellers over further disruption (telegraph.co.uk)
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