Positive Action for Mortgage Rates
December 4th, 2008 Categories: Buford, Chateau Elan, Dacula, Duluth, Financing, Gwinnett, Hamilton Mill, Hoschton, Lawrenceville, Lilburn, Norcross, Real Estate Business, Snellville, Sugar Hill
According to the Washington Post this morning, the Treasury Department is considering intervening into the mortgage market. This intervention would dramatically force down interest rates. They are actually talking about driving rates down to an interest rate of no more than 4.5%. The National Association of Realtors feels this would definitly boost the housing market. In the meantime, if you are considering refinancing your current residence, DO NOT wait for the rates to drop. You need to go ahead and get your application in and ready to go with a target in mind. Signature Lending Group has been ramping up thier staff for months in anticipation of the huge influx of applications. The time is now. Do not hesitate or you may miss the opportunity of a lifetime.
