Phoenix AZ Urban

It appears that 2010 mortgage interest rates will remain low.  That’s great for home buyers and even those with Interest Only ARMS. (Adjustable Rate Mortgage).   The Fed has decided to leave the rate they charge banks at 0% for 2010 and maybe raise it in 2011.  This will give the economy more time to recover.  There are plenty of homes with low prices.  Most of the best deals on the market are bank owned.