A Thanksgiving Treat from the Fed

    Happy Thanksgiving – Mortgage Rates Plunge

    Finally, some good news for the mortgage industry! In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% and near the lows for the year!

    If you have been on the fence about buying a home, now is the time to act. Interest rates are extremely low and home prices in some areas are at 2003-2004 levels. Add to that recent declines in energy prices and lower consumer interest rates, and you have a great holiday recipe for success, but only if you give us a call!

    Information provided by Matt Helton at Titan Financial.

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    Our agents write often to give you the latest insights on owning a home or property in the local area.