Low Mortgage Rates May Continue Through 2015

Low Mortgage Rates May Continue Through 2015

by Veronica Cabrera

September 28, 2012



 

           On Friday, September 14th 2012, The Niche Report magazine reported that the efforts by the Federal Reserve to stimulate the economy will continue until at least 2015.  According to it, The Fed is continuing to stimulate the employment and housing markets, and does not plan to raise interest rates for another three years. This means that the low Annual Percentage Rates (APRs) Currently offered by Mortgage Lenders are set to continue.

            They stated "that the Record low APRs have real estate investors taking advantage of the market. With the low financing rates, the financing of home purchases has increased and has brought relief to more than one million homeowners who were previously in negative equity situations."

    
            What a great opportunity for those investors as well as for those first time home buyers. Not to mention, those homeowners, who are facing foreclosure are able to sell the property and as a result they find a solution to their housing economic situation.
 

 There are excellent programs for first time homebuyers:

FHA - 3.5% down payment

VA  -  0% down payment

Conventional - 3% down payment

No PMI loan Programs

*based on a 620  Fico Score

                  

Veronica Cabrera, Realtor

Realty ONE Group

(714) 809-6521

R.E. Lic. #0143140

veronicacabrera.com
veronicacabrerarealtor@gmail.com

Orange , Riverside, San Bernardino, County, CA