According to an AP report on Friday, "The Obama administration laid out three broad options Friday for reducing the government's role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers." These proposed options are likely to come over a period of 3 to 7 years but the net effect will be the rapid disappearance of the best Denver home purchase power opportunity in history. According to NAR President Ron Phipps, "Mortgage interest rates recently hit record lows, median family income has edged up and prices in most areas have been stable following the correction from the housing boom. For people with good credit and long-term plans, it's hard to imagine a better opportunity than what we see today."
If you're ready to take advantage of today's tremendous opportunities to buy a home in Denver, give us a call or email today!
The Bandy Team
RE/MAX Professionals - Denver, CO
"From Our Heart to Your Home"
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