Lower Interest Rates

Eventually, events like this combined with lower housing prices will turn the Spokane real estate market around.

clipped from www.freddiemac.com LOWER-THAN-EXPECTED INFLATION AND WEAKER HOUSING ALLOWED MOST MORTGAGE RATES TO EASE "Long-term mortgage rates fell this week amid news of tame inflation and a weaker housing market," said Frank Nothaft, Freddie Mac vice president and chief economist. "Consumer prices were unchanged in September and core prices, which exclude food and energy products, rose by only 0.1 percentage point, all below the market consensus. On a year-over-year basis growth in core consumer prices remained at a 2.5 percent clip.