loans: It's a buyer's market!
- 05/11/07 09:32 AM
How is today's market good for the consumer? On Wednesday the Federal Reserve held the interest rate at 5.25%. This is the seventh straight time that the Fed chairman and policy-makers held steady to the rate, in a bid to fight inflation. This is good for those of you who want to purchase a home and get into a low interest rate. It is also great for those of you who still have not refinanced and have a high interest rate. The prices of homes are dropping and the inventory is enormous. Now is the time to buy the home you want … (3 comments)
How is today's market good for the consumer? On Wednesday the Federal Reserve held the interest rate at 5.25%. This is the seventh straight time that the Fed chairman and policy-makers held steady to the rate, in a bid to fight inflation. This is good for those of you who want to purchase a home and get into a low interest rate. It is also great for those of you who still have not refinanced and have a high interest rate. The prices of homes are dropping and the inventory is enormous. Now is the time to buy the home you want … (3 comments)
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