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Low interest rates are not stimulating demand for housing enough to pull us out of our economic downturn. At the moment, people are still trying to pay off their current debit and are having a hard time obtaining credit, states David Jones, former Federal Reserve Economist. He predicts the FED will keep interest rates low at least through the end of this year. We have cheap money and it looks like it will stay that way, for a while at least.

With the influx of money pushed into the economy its still hard to predict if we will see inflation. People are holding on to their money, even banks are reluctant to part with their money at the moment. There is a surplus of reserve money out there, but its behind closed fists because of the current financial situation.

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