Our Government finally cut a deal saving us from default, but then Standard & Poors downgraded our credit rating.
How might this affect you and me — and the housing market?
Some consumer interest rates will likely begin tracking higher. However The Federal Reserve in a response to the lower rating just guaranteed its interest rates for the next two years, a positive move for all of us.
So, if you’re now shopping for a home – or even a car — moving quickly could well save you thousands of dollars over the life of the loan.
Historically, Real Estate has proven the single best place to invest your money long term. I remain convinced that today it remains just that.