Yesterday the Fed made an aggressive move to invest money in buying mortgage backed securities. So what does this mean for the housing market? In short, we should expect to see interest rates, which are still at historic lows, stay where they are through 2009. Here is a link to a good article that goes a little more in depth:
http://www.cnbc.com/id/29760360/
So with prices and interest rates where they are, this continues to be an excellent and unprecedented buyer's market.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment