lower mortgage rates: Optimistic Real Estate News, December 4, 2008 - 12/04/08 11:01 AM
The news most of you have probably heard about today is the Treasury Department’s prospective plan to revitalize the U.S. home market. Still in the development stage, the plan would lower loan rates to approximately 4.5%, more than a full percentage point lower than prevailing rates for 30-year fixed mortgages. Sources: “U.S. Eyes Plan to Lift Home Sales,” The Wall Street Journal, 12/4/08. “Treasury Considering Plan to Ease Mortgage Rates,” CNBC.com, 12/3/08
In December’s REALTOR® magazine, Lawrence Yun, chief economist of the National Association of REALTORS® reported that although it’s a good bet the economic picture will remain highly uncertain as … (0 comments)