Experts are projecting interest rates to stay near record lows throughout 2012. The housing market is essential to the recovery of our economy, and that recovery is still going on. Coupled with it being an election year, and the fact that the Federal Reserve vowed to keep rates low through 2013…it does appear that interest rates should remain below 4.5% for the near future and beyond.
It is important to note that nobody knows what is going to happen regarding interest rates. It is possible that rates will be at 6.0% by the end of 2012. Nobody knows for sure. But what we do know is that there are some signs that point to rates remaining low for a while.