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Bob's Bugle - Washington State Real Estate Blog
Author
Bob Chapman - Washington Real Estate Page
Title
Home Mortgage Interest Rate Confusion
Created
Thursday, Dec. 11, 2008
Content
The FED continues to test the wind with low mortgage interest rate teasers. For a couple of weeks now we have been hearing rumors of a 4.5% rate. Today, a regulator with FNMA, stated that he thinks rates will eventually drop to as low as 3.5%, but he did not know how soon that would be. Buyer's were already sitting on the sidelines waiting for the mythical 4.5% rate. What will this do?
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