March 20th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs
You may have heard that the Federal Reserve has put a plan in motion to buy 1.2 trillion dollars of long-term government bonds (that would be $1,200,000,000,000?). The Wall Street Journal has an article outlining many of the issues.
“Clearly it’s great news for homeowners looking to refinance, and for homebuyers seeking new loans. The Fed’s announcement has pushed down long-term interest rates, and that in turn has driven down mortgage rates. Rates on thirty-year fixed loans have dropped as low as 4.5% following the news. That’s a bargain by historic standards. Get ‘em while you can.”
CLICK HERE TO READ THE WSJ ARTICLE
My crystal ball says the following might come to pass.
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