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A 4 1/2% rate?

By
Mortgage and Lending with MetLife

The US Treasury just announced that they will subsidize private markets during the first quarter of 2009 so we will have 4 1/2% true interest rate for home purchases. Obviously, this will help the market, but is it enough to actually get people off the fence? Many other issues remain ....  downpayment being one and sellerswho are upside down in financing being another. What do you think?

Comments (4)

Jason Ellis
Coastal REO Solutions - Myrtle Beach Short Sales & REO's - Myrtle Beach, SC

George -- Great start to AR -- I am encouraged about the possibility of these low rates -- thanks for the info and best of luck -- JE

Dec 09, 2008 01:17 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Hi George - Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Dec 09, 2008 03:44 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Hi George - Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Dec 09, 2008 03:44 AM
Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

Congrats on your first post - Welcome to ActiveRain!!

DM

Dec 14, 2008 05:45 AM