Let's hope that the mortgage interest rate decrease that appeared yesterday is the beginning of a short trend that buyers see as the next best reason to buy now. When the Mortgage Backed Securties gain strength, like they did yesterday morning, mortgage rates come down. It showed up in the new FHA program as well as in many other programs as published by the mortgage lenders.
Between the First Time Homebuyers Tax Credit incentive of $7500 and the truly competitive asking prices of the lower end of most markets; please understand that encouraging those first time buyers is the most productive thing you can do for this economy. Thanks for your help!
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