Federal Reserve Chairman Ben Bernanke testified to Congress yesterday and boy did his words moved the markets, stocks went tumbling straight down. However, bad news for the economy could mean good news for home buyers and real estate investors as Bernanke also affirmed that low interest rates are still needed to boost the economy and repeated a pledge to keep them there for an "extended period".As rates on 30 year and 15 year fixed rate loans continue to decline, applications for home loans rose nearly 7.6 percent last week.
Low mortgage rates along with a wide selection of affordable homes make an optimal home buying opportunity, great news for real estate agents, investors, mortgage lenders and anyone associated with the real estate industry. The time to buy has never been better!
Low mortgage rates along with a wide selection of affordable homes make an optimal home buying opportunity, great news for real estate agents, investors, mortgage lenders and anyone associated with the real estate industry. The time to buy has never been better!
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