Tucson Real Estate Blog

Interest rate update…

Looks like good news as the reported data is not as bad as it looked during this past week.  The Fed will probably hold again when they meet tomorrow.  If gas prices continue to drop it could stimulate the economy but what will be the result?  Possibly more inflation and the Fed has to act at their next meeting.  I wish I had a crystal ball.  Interest rates are just above 6 1/2% today and may go down slightly.