Interest rates to remain at current levels

U.S. Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the Fed has no current plan to raise interest rates. That's a good thing for residential buyers, but also signals the fact that Chairman Bernanke recognizes the continuing weaknesses in our economy. So while I like the continuing lower interest rates, I think we could stand to see rates go somewhat higher in exchange for improvements in the job market and commercial real estate. Here is a good report of Bernanke's talk.

Bernanke Article

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