OK, that is a bit over used phrase lately, but it does seem some good things are happening in the economy, and that will lead to a better real estate market for homes across the nation. Green shoots! Gee, even home builder stocks are doing well in the stock market.
Today, the Federal Reserve Board said they were holding interest rates steady. Of course, the ten year treasury note is what mortgage rates tend to follow, and the Fed doesn't influence them quite as much as the shorter term interest rates. But, everything fits together, and that Federal Reserve influence can't help but keep mortgage rates down awhile longer. If you are considering purchasing a home this may be the opportune time.
Today, the Federal Reserve Board said they were holding interest rates steady. Of course, the ten year treasury note is what mortgage rates tend to follow, and the Fed doesn't influence them quite as much as the shorter term interest rates. But, everything fits together, and that Federal Reserve influence can't help but keep mortgage rates down awhile longer. If you are considering purchasing a home this may be the opportune time.
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