My Real Estate Blog

Fed to Buy Mortgage-Related Debt
November 30th, 2008 3:23 PM

Great news for the mortgage industry!  The Federal Reserve recently announced that they would purchase up to $600 billion in mortgage related debt and securities.  This move should increase the availability of credit to home buyers.

If you have been on the fence about buying a home, now is the time to act!  Interest rates are extremely low and home prices in some areas are at 2003-2004 levels.

Posted by Yvette Samuels on November 30th, 2008 3:23 PMPost a Comment (0)
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