Update: Florida Mortgage News looking up as rates move LOWER!
by Snets ~ November 26th, 2008. Filed under: Blog.Just a follow up to yesterday’s post - Great Mortgage News - Yes, the Fed is going to step in and buy up $500 billion in mortgage backed securities from Fannie and Freddie - this is the best news for Florida mortgage rates in years.
When I say this is the best news for Florida mortgage rates - I may be exaggerating a little - I mean the federal takeover of Fannie and Freddie ensured that the mortgage business would continue functioning - but next that this is the most positive news for Florida mortgage borrowers in quite a while.
Florida mortgage borrowers who were sitting on the fence are being rewarded. They are buying houses at much lower prices with super cheap money.
If you’re considering a mortgage refinance or buying a home, well your timing is impeccable. Mortgage rates have dropped historically and many Florida mortgage consumers are taking advantage by locking in low fixed mortgage rates. Give me a call or email today and find out if this historic mortgage rate drop can help you with your Florida mortgage refinance or new home purchase . One word of caution and an emphasis on volatility - it’s unclear how long these low mortgage rates will last, so move quickly. Check back or register a target mortgage rate for updates as we continue to monitor the changes in the Florida mortgage and housing industry.
Hey everyone - Happy Thanksgiving - GOBBLE TILL YOU WOBBLE!
