8/10/2005

Federal funds rate increased

The increase to 3.5 percent is in line with Alan Greenspan's promise to continue raising rates, and will probably continue to do so as long as economic forces continue as they have been. The National Associatino of Realtors also today forecast the national median home price to increase by 10.5 percent. If interest rates increase home prices may slack off, or about a year from now, come "closer to balance." Read here about interest rates.

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