Rates have Fallen!
Posted on | March 19, 2009 | No Comments
With the advent of the Federal Reserve holding down the Fed rate and their announcement to purchase a large group of toxic mortgage securities, the current interest rates for conventional and FHA loans are below the 5% mark. That is very good news for people who want to refinance or buy new. In fact if you are in the market for a new home and are a first time home buyer, this is a great time to buy!
Between the income tax credit you can get (up to $8,000) and rates as low as they currently are, it is a great time to be a first time home buyer!
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