Kansas City Mortgage Rates are Dropping - First TimeHome Buyers Hitting the Real Estate Market
Due to some bold moves by the Fed the mortgage interestrates dropped yesterday and according to mortgage loan officers I work with,mortgage rates will probably dip next week to below 5%.
The Fed is basically printing money to raisesupply of credit and this push down long term mortgage rates. The Fed hasalready cut the bench-mark interest rate to near zero and they are in theprocess of purchasing $300 billion of long term U. S. Treasury securities and hundreds of millions of mortgage backedsecurities. In total the Fed is purchasing nearly $1.10 in bond purchases.
With interest rates falling, first time homebuyers getting up to a $7000 tax credit and home values still low, there is nobetter time to purchase a home in Kansas City.
Maybe we should talk if you desire professionalguidance with purchasing a home in Kansas City,
Dowell Taggart Team
http://www.DowellTaggart.com
(913) 712-9313