I looked up some relevant economic data today:
Mortgage interest rates are projected to remain stable through year end
Sale of existing homes is expected to stay about the same from now through the first quarter of 2007
Unemployment number are expected to improve slightly
Not bad!
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Now that the Feds stop increasing rates, I believe the banks will reduce mortgage rates.
My bank just reduced my HELOC by .026% although my original rate was prime. I'm now paying 7.94.
Good for me!
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