Solving the Foreclosure Crisis One Homeowner at a Time...

Thanks for joining us as we talk about real estate items pertaining to the Phoenix Metro Area. There are alternatives to foreclosure. Let us help you. Foreclosure should always be your last resort. For more information on how to avoid foreclosure and a list of homes for sale, please visit our site at http://www.marydrefs.com/. Need to find or sell a house?? Call us at 623-694-0354.

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Thursday, September 19, 2013

REAL ESTATE BUYERS !!! PAY ATTENTION!!!! IMPORTANT NEWS !!!



REAL ESTATE MORTGAGE RATES FELL YESTERDAY and Real Estate stocks rallied because the Federal Reserve announced it would continue to buy US Treasury Securities and mortgage backed securities. Both have kept mortgage rates well below historical norms for the past few years.

 Back in May, the Federal Reserve began "hinting" about a taper of asset purchases and mortgage interest rates rose. This put the brakes on the housing recovery and resulted in a sluggish summer for real estate. If interest rates retreat to where they were at the beginning of 2013, mortgage refinances and purchases will rebound again.

 IF YOU ARE A BUYER, mortgage rates are expected to drop over the next several weeks. NOW is the time to pull the trigger! For more information, contact our Buyer Specialist, Mike Drefs, at 623-693-1505! He can put you in touch with an excellent loan officer who will determine your current mortgage or refi rate.
Posted by Unknown at 9:59 AM

1 comment:

sellmyhouseinaz said...

Thanks for such a great article to share with. Before diving into an investment, there are several things to consider and those information would really help.

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September 30, 2013 at 11:26 PM

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