Interest Rates Falling because of recent Fed Announcement! - 03/23/09 09:36 PM
On Wednesday, March 18, 2009, the Federal Reserve announced it would buy $300 billion of long-term Treasuries. 
The purpose of the purchase is to increase credit flow and the Feds plan to buy an additional $750 billion in mortgage-backed securities to lower mortgage rates.  As a result we are expecting interest rates to begin to fall.
This announcement is exciting news because it will benefit both sellers and buyers in the real estate market.  Buyers benefit from lower interest rates because they can either qualify for a larger mortgage or enjoy a lower monthly payment.  In return sellers will … (0 comments)

 
2025 Rainmaker_large

Donna Edwards - Broker Associate

Odessa, TX

More about me…

Deriso & Haynes Realty

Office Phone: (432) 934-4439

Cell Phone: (432) 934-4439

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find TX real estate agents and Odessa real estate on ActiveRain.