So it looks like interest rates may either plateau or go down given the latest comments from Ben Bernanke. I'm hoping the stay low, of course for obvious reasons, I'm buying a house at the moment. Regardless though, it helps the smaller investor to have low rates because bank loans are easier to get if you have good credit. Even though there are positive signs in the economy it's not time yet to raise rates (personally, I don't think it's ever a good time).
Bernanke basically said that he doesn't have any intention on raising the rate in the near future which basically translates into the rest of the year. Hopefully with this news we will see a continued rise in home sales and there will be revenue for those investing in the housing industry, which by the way is my index of choice right now. This will also translate into good news for those wanting to buy cars because car loans will be cheaper. So in effect this is an all around good indicator for the economy.
