U.S. 30-year fixed home loan rates on Wednesday slid by as much as 3/8 percentage point to about 5 percent, nearing record lows, after the Federal Reserve more than doubled its planned purchases of mortgage-related securities.
The Fed's actions state "we will not walk away from supporting this marketplace," said Keith Gumbinger, vice president of HSH Associates, a mortgage information publisher in Pompton Plains, New Jersey.
"This means that there is going to be a buyer for mortgages at these levels for the foreseeable future," Gumbinger said. "That serves to enforce to the consumer that not only are interest rates low, but they are going to remain low and be stable" through the year.
Read the entire article!
Along with the First Time Home Buyer Rebate, this opportunity may never occur in our lifetime again!
If we can assist you with Birkdale and Birkdale Village area Real Estate, please contact your Huntersville Area agent at 704 451 7051 or by email.
See Also:
Be The First To See Huntersville Area Hot New Listings as soon as they become available.
Subscribe to:
Post Comments (Atom)
Birkdale |Lake Norman|Charlotte = Your Realtor For Life - Roby Robertson
Contact Info Mobile 704 451 7051] Email carolinalivingrealestate@yahoo.com **Professional Summary** Licensed real estate professional w...
-
Committed to Saving my Clients Thousands When Buying and Selling Real Estate Welcome! I created this site to provide valuable information...
-
What is the Realtor® Difference? Going under contract sooner than expected. But before the contract is signed it’s… đź“ŚReceive and revie... -
Thinking of Selling Your Home? We have the experience and resources to help you get it done ethically! QUESTION: In reading last week’s ...
No comments:
Post a Comment