home mortgage: Home Mortgage Interest Rate Confusion - 12/11/08 04:09 PM
The FED continues to test the wind with low mortgage interest rate teasers. For a couple of weeks now we have been hearing rumors of a 4.5% rate. Today, a regulator with FNMA, stated that he thinks rates will eventually drop to as low as 3.5%, but he did not know how soon that would be. Buyer's were already sitting on the sidelines waiting for the mythical 4.5% rate. What will this do?
Bob Chapman - Associate Broker, Windermere Real Estate/Lake Stevens, Inc.,
E-Mail: bobchapman@windermere.com, Website: http://washingtonrealestatepage.com/home
Cell/Direct: (425) 268-2940, Off: (425) 335-4666 Ext. 236, Fax: (425) 335-1838
Address: 9327 4th … (5 comments)

 

Bob Chapman

Lake Stevens, WA

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Windermere Real Estate/Lake Stevens, Inc.

Office Phone: (425) 335-4666

Cell Phone: (425) 268-2940

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Western Washington State real estate market reports and current real estate trends including King and Snohomish Counties.


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