Wednesday, February 25, 2009
Interest Rates at Historical Lows
Interest rates are the lowest since they have been tracked in 1971!!! With all the impending price increases, inflation will put ALOT of upward pressure on interest rates.
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Rates are even lower now!! Uncle Sam is buying 1.2 trillion of Mortgage Backed Securities to help prop up the market. Rates are now below 5 percent for 30 year fixed!!!
ReplyDeletehttp://www.foxbusiness.com/story/markets/record-low-mortgage-rates-likely-lower/