For immediate release:

Contact:
Chuck Cornwell
RE/MAX Regency
540-341-1075
ChuckCornwell@remax.net

Fed President Lacker on Interest Rates

Warrenton, Virginia - May 4, 2009 - In a news report given today on CNBC, the Richmond Federal Reserve President Jeffery Lacker stated the recession in the United States is nearly over, and the Federal Reserve will need to be diligent about RAISING interest rates to keep our economy from overheating.

"We have already seen our home prices going up, and our home mortgage interest rates have already begun to rise.  I believe we have well seen the bottom, and the best buyer deals are gone as we head back into a terrific economic cycle." stated Mr. Chuck Cornwell, the Broker and Co-Owner of RE/MAX Regency.

######

Chuck Cornwell is the Broker and Co-Owner of RE/MAX Regency, a multi office real estate franchise company based in Warrenton, Virginia, and he is the Vice-President of the Greater Piedmont Area Association of REALTORS.  RE/MAX Regency has been recognized as a leading real estate company in the nation by industry publications including RIS Media's "2009 Power Broker Report" and being named a "Great Office" by RE/MAX International.

If you would like more information on this topic, or to schedule and interview with Chuck Cornwell, please call 540-341-1075 or e-mail to ChuckCornwell@remax.net