Mortgage Rates - Will They Impact Boulder Colorado Real Estate?

Alan Greenspan, poised to be replaced in approximately four months as Federal Reserve Chairman, has raised interest rates 11 times since June 2001 - last week's decision by the Federal Open Market Committee to hike the rate banks charge each other for overnight loans by a quarter percentage point to 3.75 percent is steadily becoming a common phenomenon.

Mortgage rates have been fluctuating lately, and we aren't seeing the 4% rates that we could have gotten 3 years ago, but we've been staying under 6% for the most part. The Boulder Colorado market has not stepped off course from a steady rate of appreciation, and despite the natural disasters lately, there is no sign that it will.

Stay tuned to see how Boulder Colorado Investment Property, as well as overall residential sales (Boulder Colorado Real Estate) are impacted by President George Bush's decision on a Federal Reserve Chairman replacement.