Lastest Market News on Interest Rates
The Federal Reserve left the rates “as is” for the time being. After looking at the current inflation and unemployment numbers this is a good sign for the Real Estate market at this time. Inflation readings at this time remain tame-this will help keep interest rates low. (Remember in my past posting on inflation; see my archive posting on inflation) Another positive for the bond market and lower rates is the Country of Greece. This country has mounding debt issues in which investors are flocking to US securities, (bonds) in which will make then more in demand-thus more buyers, keeping the rates low. Please note, I do not see any signs that these rates will go any lower—-time to get off the fence.
The Move up Tax Incentive and First Time Buyer Tax Incentive, offers mush be written and accepted by midnight today, April 30 and close on or before June 1 for one to get qualified for this credit. No word if this will be extended at this time. In addition, USDA funds might get the injection of cash they need at this time. Rumor has this agency will have funds through May. More to follow once I know more on this.
Call or email me with any questions, 262-696-5041 or krissteinbach@inlanta.com your mortgage source.
