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2.0% Mortgage Rates? in Dec 23, 2008 Real Estate Report Portland Oregon Economic commentary, Mortgage Rates and News

December 23, 2008

Don’t Even Think About It

We have had a Holiday present from the government. Yes, the Federal Reserve Board has lowered short term rates close to zero. Yes, long term Treasuries are close to 2.0%. Yes, the government continues to facilitate the lowering of rates on mortgages by declaring their intention to support the markets for mortgage by purchasing mortgage-backed securities. However, don’t even think about it. As much as we have said that the rates on mortgages must fall in order to facilitate a housing and thus economic rebound, they are not going to zero percent. They are not going to two percent. Why not?

Read the rest of the story below and get answers today:

Real Estate Market Report and News for December 23, 2008 (Vancouver, Washington, Clark County, Washington & Portland, Oregon, Multnomah County).

Ed Bisquera, Mortgage Matchmaker & Social Media Instructor

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Posted by Ed Bisquera on 12/30/2008 06:14 PM

Comments (2)

Market Activity in the Home Buying Channel

interest rates, mortgage, market report, real estate, refinance, first time homebuyer, vancouver, washington, portland, oregon, foreclosure

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2 Comments on 2.0% Mortgage Rates? in Dec 23, 2008 Real Estate Report Portland Oregon Economic commentary, Mortgage Rates and News

DEC

2008

Interesting paper. I agree rates are not going to zero, but they sure are the best Christmas present that anyone could hope for. What a great time to buy a house, sellers are very seious about making a deal work, and rates are amazing. Thanks for posting it.

JAN

2009

Maggie-Thanks for the comments. I'm glad to share the info. Good luck in 2009. I'm sure rates will continue to remain very low (lower than the last time we had a Democrat enter in the White House). I'll be certain to stay in touch. Take care!

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Ed Bisquera

Vancouver, WA

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