The latest news on US interest rates is that they may be cut at least 3 times this year from 5.25% to 4.5% according to Jan Hatzius, cheif economist at Goldman Sachs. Economists warn the housing slump may drive the economy into a recession so the rate reductions may be a reality this year. Any reduction in interest rates should serve to help the real estate market from slumping any further and set things on the way to recovery. Even the forecast of reduced interest rates by respected economists should bring a smile to the faces of real estate investors & professionals!

I don't think we will see significant movement in rates in 2007, at least not upwards. IMO the only way they will move is down. Call this an educated guess.

Thanks for the heads up. I doubt it though. The economy is still going fine...

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