Best Mortgage and Home Loans » great rates http://www.bestmortgageandhomeloans.com Your Mortgage, My Mission Wed, 01 Feb 2012 20:52:05 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Rates have Fallen! http://www.bestmortgageandhomeloans.com/rates-have-fallen/ http://www.bestmortgageandhomeloans.com/rates-have-fallen/#comments Thu, 19 Mar 2009 17:17:55 +0000 admin http://www.bestmortgageandhomeloans.com/?p=216

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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