Jeff’s Carlsbad Blog for First Time Home Buyers

Well, They Did it Again!

Posted in Financial,Mortgage info by Jeff Dowler on February 1, 2008

As you probably know, the FEDS reduced the interest rate again just a short time after lowering it in early January.

Keep in mind that this does NOT mean that the mortgage rates will go much further down – they are already lower than they have been for years. If you are planning to buy, NOW might be a great time to get going, find a house, get your loan approved and lock in.  Sitting around and waiting might mean a higher interest rate, which could offset any downward shift in home prices.


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