Rates Remain Stable Leads to a Stable Real Estate Market

Many people want to know what the rates are doing...noone wants to lock in and see rates drop so we have two things against this real estate market whether it's a Destin Condo, Destin Home, or any other type of Destin Florida Real Estate.

What is my monthly payment...which is determined by two things:
1) Interest Rate
2) Purchase Price

Of course taxes and insurance come into play, but those are variables we can't really control...so we default back to the above. Luckily we are seeing a stable line on both of these. Below is an interesting article about the interest rates and a prediction of where the Fed is going:

Daily Real Estate News August 27, 2008Key Rate May Rise, Fed Report Suggests Federal Reserve policymakers decided to hold a key interest rate steady at 2 percent for their August meeting, according to documents that also suggest the next action will be to raise rates. Released on Aug. 26, the documents reveal that "members generally anticipated that the next policy move would likely be a tightening" and indicate that economic growth and inflation would determine the timetable for any hikes. The Fed is unlikely to raise rates to reign in inflation until next year, according to most economists. Fed Chairman Ben Bernanke has suggested that the central bank will hold rates at 2 percent for the September meeting and for the rest of this year. Source: Washington Post, Jeannine Aversa (08/27/08)

So to stay on top of the market trends and available property please visit http://www.randbcoastalrealestate.com/ and visit the forum section of http://www.investsmarter.com/ where we talk more about what is happening in the Real Estate market and investing in smarter ideas for property and business!