On Tuesday, policy makers at The Federal Reserve are expected to lower their target for the overnight federal funds rate to 0.5 percent, a record low.
Recent headlines of the nations’ financial woes have brought even more attention to the changes in the Real Estate market. Most of these stories have failed to focus on the potential opportunities possible to the consumer with such low interest rates.
You may be able to take advantage of low interest rates by refinancing your current loan or seizing the moment to buy a new home! You may be able to lock in rates that may be advantageous over the entire life of your new mortgage.
For more information about current rates and the mortgages that are currently available please contact me at: bslaton@APR.COM