"A recent Daily News article reported that interest rates for mortgages have been historically low since the Federal Reserve began acquiring $85 billion worth of mortgage-backed securities. This is good news for people planning to buy new property, for they can get them at exceptional lows. Though buyers have a limited time to take advantage of this situation; once the Federal Reserve's bond-buying activities start to slow down, rates will start to rise, which is projected to happen at the end of the year. And while there is no definite prediction of what will happen after, experts are sure that it will not be as low as this for quite some time. In Shelby County, a recent trend saw the focus shift from home refinances to purchase mortgages, which means people are grabbing the properties they have been eyeing for some time. One should seize the day and contact various Memphis mortgage lenders like Churchill Mortgage, to determine your options on purchasing your dream home."
http://memphis.churchillmortgage.com/blog/2013/08/22/seizing-the-day-and-a-new-home-with-help-from-memphis-mortgage-lenders/
No comments:
Post a Comment