Realogy proposes government buy-down of mortgage rates to 4.5%
My bud, Mr. James Wexler came across this information. 4.5% 30 Year Fixed rate mortgages. Let's see and hope so.
Earlier today, .....
Realogy Corporation,
the parent company of Coldwell Banker, Century 21, ERA and Sotheby's International, approached the U.S. Department of the Treasury with
an innovative and practical solution to stimulate the housing market and lead to a broader economic recovery.
Realogy proposed a short-term government buy-down of mortgage rates to at least 4.5 percent or lower for 30-year fixed-rate mortgages.
The company believes that this would motivate millions of creditworthy home buyers to enter the market.
I urge you to read the press release
Let me know what you think??
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James Wexler , Scottsdale AZ luxury homes and Phoenix Real Estate
480.221.8080
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