-Search Homes for Sale in Frederick, MD -Find a Realtor in Frederick, MD
-Sell a Home in Frederick, MD -Commercial Real Estate in Frederick, MD
If you're waiting for interest rates and prices of homes to drop further before you buy stop waiting and start getting serious now. According to the Wall Street Journal (9/24/09) "rates are going to be rising once the Government stops purchasing mortgage backed securities (the reason rates are where they currently are)." They intend on slowing these purchases until they completely cut them off in March 2010. Judging by the most recent 6 year trend those rates will be rising quickly and dramatically, and when these rates go up, 75% of the time they go up 2 percentage points higher than where they dropped from. So that means they could be going as high as 8.5%. So it would be in most peoples best interest to get things moving sooner than later when it comes down to purchasing a home, before you end up losing money on high interest rates.
Gavin Schaden, REALTOR
The Muren Team
Mackintosh Inc, REALTORS
Cell (301)514-0628 Office (800)727-7553
The Mike Muren Team out of Frederick, MD has sold a home every 7 days for the past 6 years. We take pride in producing the result's you need in todays market. For Mor info go to www.TheMurenTeam.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
