Federal Reserve Chairman Ben Bernanke spoke on Capitol Hill last night and said that low interest rate environment will likely be needed for a while. However, he went on to say as the economy heals, the Fed will hike rates quickly to ward off inflation. This is exactly what we have been concerned about. We certainly agree with Mr. Bernanake's comments, and while inflation is not an immediate issue, it will become a problem down the road. And the ending will not be pretty for rates. There is no doubt that rates are going to higher, take advantage of the current rates now! It is highly unlikely that rates will ever be lower or even potentially equal to where prices have been over the past week. Please give me a call to take advantage of the market and incredible rates!
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