While a gloomy outlook on the real estate market can strike fear in some hearts and may deter a purchase until a later date, the fact is that summer 2015 is an excellent time to purchase property. In fact, there are three good reasons why potential buyers may want to start moving forward with their buying plans soon.
Fed Meeting Statement Reveals Good News For Real Estate
The Federal Reserve’s statement after yesterday’s Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed’s dual commitment to keeping long term interest rates down and encouraging economic growth.
Surprisingly Strong Jobs Report May Affect Mortgage Rates
Last week’s jobs report — a combination of the Department of Labor’s non-farm Payrolls Report and Unemployment Rate — provided investors and job seekers with unexpected good news.
What’s Ahead For Mortgage Rates This Week: March 11th, 2013
Mortgage rates and stock markets rose last week in response to a strong jobs report and lower national unemployment rate. The Dow Jones Index reached record levels last week.
What’s Ahead For Mortgage Rates This Week: February 11th, 2013
Mortgage rates worsened for the week ending February 8, 2013 in response to strong economic data in the US and abroad.
Capitalize On Low Interest Rates In Overlooked Places
It’s no secret. Rates are low right now. And, it’s not just mortgage rates, either — all types of rates are scraping rock-bottom. Borrowing rates, lending rates and savings rates are at or near their all-time lowest levels.