In this trying time, it is important to give thanks for our friends, family, and those small things that make our lives complete. I hope that you and your families have a fantastic Thanksgiving!
A little good news on the home mortgage front that I am thankful for...
To increase credit availability, the Federal Reserve and Federal Home Loan Banks have announced that they will purchase up to $600 billion in mortgage-backed securities. This has sent interest rates for a 30-year fixed-rate mortgage below 6% according to a local lender. Buyers who have been on the fence about moving forward with a purchase should think about buying now, especially since most home prices are at 2003/2004 levels.
Cheryll Woods-Flowers, ABR
Keller Williams Realty