historically favorable: Now is a Great Time to Take Advantage of Historically Favorable Loan Rates - 12/21/09 11:13 AM
With real estate prices low, in my opinion now is a great time to take advantage of historically favorable loan rates. I am not a lender, but I have heard reports that the Fed kept rates unchanged, indicating they would try to keep rates low for some time, and warned that long term security purchases would cease at the end of the 1st quarter in 2010. For the week interest rates fell by more than a 1/4 of a discount point.
Low mortgage rates plus Low real estate market values equal great opportunity.
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