The Federal Reserve aggressively purchased Mortgage Backed Securities this morning pushing prices higher in an attempt to lower home loan rates. The Federal Reserve will be buying $500 billion worth of Mortgage Bonds. That equals approximately $4 billion in buying power each trading day. That is pretty good buying support, which could help lower mortgage rates during the first two quarters of 2009.
Please let me know if I can help you find a qualified lender to take advantage of these historically low rates.
Best Regards!
David J EdwardsREALTORKeller Williams Realty Southeast Sound
Phone: 425-890-8045Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
David J Edwards is a full time real estate agent and REALTOR with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers.
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