Interest rates edge downward this week
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Interest rates for buying a home on the Palos Verdes Peninsula edge downward this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Now in the valley between the last and the next Federal Reserve meeting, financial markets must study and react to new inbound data about the economy and inflation. As such, mortgage and other interest rates will be pushed and pulled, fully dependent upon both individual items and the collective tenor of the mass.Provided the needle doesn't run very hot for very long (a happenstance we've not seen in a good long while) nor show the kind of weakness that could point to deflation or even an economic downturn, interest rates can really only run in a range, at times tending to the bottom of it, and at other ti...
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