Lending Tree Makes Prediction

The Lending Tree is predicting that the financial market is going to pause. Their Chief Economist Jim Svinth says that despite the way the numbers have been looking, and with all the upheaval that the market has been experiencing, he thinks that there is going to be another pause in interest rate hikes.

He says that despite what has been going on with subprime lending, and the housing market being what it has been, he still does not see a change in interest rates, and does not see them going up. He thinks that they are going to hold at 5.25%.

He says that the next Federal Open Market Committee (FOMC) meeting takes place this week, and as the Federal Reserve has paused at the last five meetings, that they will maintain and not increase or decrease. He says that because consumer spending and inflation are still out of a range that the Federal Government is happy with, they are going to hold for now, and then come around June or July we will finally start to see some changes.

Lending Tree is usually a good source for financial news as they have facilitated more than 20 million loan requests and $152 billion in closed loan transactions. Many people think that they just handle mortgages, but they also handle lines of credit, personal loans, auto loans, credit cards, etc.




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