This morning I received the latest issue of the Kiplinger Report Vol.85, No. 32 and, found what it says to be very informing and quite possibly accurate.
Now for those who are not familiar with the Kiplinger report it first launched in 1923 and still remains the longest continually running newsletter in the U.S. Business forecasting and personal finance are their basic focus.
Anyhow, they call our current economic condition "Mired in a growth recession" and that consumer confidence will not be restored through 2009.
They continue to say that by 2010 house prices should level off however, once we have regained stability you can count on the Federal Reserve raising interest rates. As for the homeowners who have been consistently, paying your mortgage on time, help is also on the way for those who are facing an increase in interest rates or are struggling with your current loan. Kiplinger say, banks are looking to keep their good mortgage payers and will work to help them so that they keep their loans with them.
For the full report log on to www.kiplingerbiz.com
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