Now truly is a great time to buy a house but that time may get even better in the near future. There is talk of the federal government helping the challenged housing market by introducing a fixed 4.5% interest rate. Now that is an interest rate and program that would get a lot of buyers off the sidelines and fast!
Here is one small excerpt from an article about the proposed plan – ”Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 percent by purchasing mortgage-backed securities from Fannie Mae and Freddie Mac, Scott Talbott, chief lobbyist at the Financial Services Roundtable, said Wednesday.”
This could be the major boost that the housing market needs to lower inventory and get the housing market back to being the needed strong foundation of the economy. To read the full article on the proposal plan please click here. If you have any further questions or need information please feel free to contact me as I am here to help with all your real estate needs!
Jenn Nowalk – Raleigh Realtor/Broker
