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mortgage rates: Mortgage Rates DROPPING - 09/09/08 08:30 AM
How does the Federal bailout of Freddie Mac and Fannie Mae affect YOU, a home buyer or seller?  The price of their stock has dropped, but you probably don't own their stock.  Other stocks have been rising which is probably good news for your portfolio, but the important thing for the real estate market is that this week Interest Rates are DROPPING!!
From Newsday:
The lower yields began to show up in mortgage rates Monday as the average rate on a 30-year fixed-rate conventional mortgage loan dropped to 6.04% from 6.34% on Friday, according to research firm HSH Associates.A sustained drop in … (0 comments)

 

Chris Cook

New Paltz, NY

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Prudential Nutshell Realty

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Come to this site to learn about the wonderful attractions of Central/Western area of Ulster County. Then learn about how to find or build the home of your dreams.


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