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Prospect Financial Group, Inc.
Jason Vondrak- Branch Manager
jvondrak@prospectfgi.com

Prospect Financial Group, Inc.

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With the increase of government spending, inflation is expected to rise which may mean higher rates to come.

Mortgage rates are expected to remain favorable through 2010 with rates being their lowest in the earlier part of the year. Below are three factors that are expected to affect mortgage rates as the year goes on.

Federal mortgage support programs will end The Federal Reserve's $1.25 trillion program to purchase mortgage-backed securities is scheduled to end March 31st. Experts predict a moderate increase in interest rates will follow.

The homebuyer tax credit program expires April 30th. This will likely cause an increase of sales during the months leading up to the expiration date, which may nudge interest rates higher during that period.

The U.S. economy is expected to continue improving throughout 2010. Inflation is not expected to be a major issue, however there may be periods of "inflation concerns" that would cause interest rates to increase at times.

"How few there are who have courage enough to own their faults, or resolution enough to mend them."
- Benjamin Franklin, statesman / Born: January 17, 1706

"Do something wonderful, people may imitate it."
- Albert Schweitzer, humanitarian / Born: January 14, 1875</span>

"I'd rather be a failure at something I love than a success at something I hate."
-George Burns, comedian, actor / Born: January 20, 1896

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