Interest Rates Set To Drop Again.. Episode 238
Description
Interest Rates Set To Drop Again..
...and the window of opportunity is opening wider for home buyers
last week the national average was down to 6.19% for a 30 year mortgage
and the 15 year note was down to 5.44%
The Fed Meeting October 28-29 is likely to see another .25% rate drop
Keep in mind that lenders have begun pricing in the rate drop
in anticipation of the acutal move this week
so its likely that rates go down a little more this week
but not by .25%
I anticipate that there will be another .25% drop at the December 8-9 meeting
and there is a big possibility that at some point between now and then
a 5.875% interest rate will be available to home buyers
This is causing some real movement in the real estate market
Year over year single family home sales for the month of September are up 13.6%
condos and townhome sales are up 8% for the same time period
Tune into today's show for the details on how to maximize your savings
as I break down an interest saving strategy that is simple and effective
United States
