Is it possible, will the current ridiculosly low mortgage rates will go even lower? Wasn't really low mortgage rates part of the fuel that got us into the economic mess?
Well like it or not, it looks like mortgage interest rates will be going down.
The Feds met yesterday and announced that they will spend an additional $750 Billion on mortgage backed securities, one of the driving forces for mortgage interest rates. Some are predicting that they will be lower than 4.5%. In December, when the Fed announced that they would purchase $500 Billion in MBS, mortgage rates reached their lowest point ever.
The good news is that this will stimulate more buying of Real Estate in Logan Utah. It will help our local market to normalize, and makes housing very affordable.
Look for Homes for Sale in Logan Utah at UtahCornerstone.com
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