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
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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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