real estate outlook 2009: Fed Announcement will Drive Rates Lower - 12/31/08 09:48 AM
All the forces are aligning to create an incredible Real Estate Market for 2009 and beyond.
According to today's Atlanta Journal Constitution the Federal Reserve will begin purchasing up to $500 Billion in Mortgage Backed Securities starting next month in an effort to bolster the long suffering housing market.
Why is this important? 
1. Because the Federal Reserve is purchasing these Securities, it is outside the Political arena and can stimulate rates lower. That means we don't have to rely on politicians to take action or inaction, whichever you believe they do. Lower rates will stimulate demand for housing, especially re-sales … (2 comments)

 

Wharton Smith

Duluth, GA

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Southeast Mortgage of Georgia

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