The Fed today announced another hard-to-understand plan aimed at easing the credit mess the US is in. See articles here and here. The end result of this one could be lower mortgage rates for all though. That is good news for anyone considering a refinance. It is also good news for anyone looking to purchase a home. In fact, it might be good news for all because the more people can refi and purchase the more housing prices will stabilize. If housing prices can turn around the economic woes we currently face could decline dramatically as well.
Comments Off on Coming soon — lower mortgage interest rates? Posted by G.R.A. Admin on Tuesday, November 25th, 2008