Interest Rates!
INTEREST RATES DROP TO 5.5%
I THINK IT'S A GREAT TIME TO BUY IN JOHNSTON COUNTY, NC.
5.5% INTEREST RATES
HUGE INVENTORY OF HOMES FOR SALE
REDUCED PRICES
Give me a call at 919-418-7442 when you are ready to look at homes for sale--I will be happy to help with any of your real estate needs.
Linda W DeRusha
Re/Max Southland Realty
Last week the Federal Reserve and Treasury took more action to help the frozen credit markets. The Fed decided to make direct purchases of $100 billion of Fannie Mae & Freddie Mac loans, and plans to buy another $500 billion of mortgage backed securities. The fact that they will now buy mortgage-backed securities is huge, and is a direct help to housing, one of the main areas of economic weakness.
As a direct reaction to this move rates dropped dramatically. 30-yr fixed rate mortgages dropped from the mid 6’s into the mid 5’s, an entire % drop in the space of a day or two!!
This will definitely help boost real estate sales.
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