Sure enough--the Fed cut the Prime Rate by 50 basis points (1/2%) today! This should translate into even lower mortgage rates (which averaged 6.31% last week).
Between lower mortgage rates, lower home prices and a large inventory of homes, this could be one of the best opportunities in awhile to buy and sell. The merging of these 3 factors won't last forever so hesitating buyers and sellers may want to move ahead now.
Showing posts with label lower mortgage rates. Show all posts
Showing posts with label lower mortgage rates. Show all posts
Tuesday, September 18, 2007
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