Whoa! Mortgage Interest Rates going to 4.5%? Hold on for the ride.

While the Treasury Department considers purchasing of mortgage-backed securities from Fannie Mae and Freddie Mac, smart homebuyers are filling their stockings with potential listings getting ready to pull the trigger on a home purchase.

4.5%!!! THIS IS A GIFT – better than Santa could ever deliver! With Tampa Bay Homes being priced so low, along with such a low interest rate, you can be sure you are getting the best deal out there.

The Treasury Department should decide soon and so keep shopping and be ready to make your decision to lock in one of the best rates our country has ever seen. Now this is the American dream and Christmas rolled into one!

13 Replies to “MERRY CHRISTMAS Homebuyers???”

  1. So what’s the word out there on when exactly this will happen? I’ve heard that this is for purchases only and not refis, but I can’t help but think this will drive all 30 year rates down. “When to pull the trigger?” that is the question.

  2. Yup, pulling the trigger is a personal decision. You are correct it is not for refi’s but refi’s are in good shape right now as well depending on the current interest rate.

  3. The article title caught my eye. It definitely is the Christmas gift that keeps giving. Having an interest rate that low, makes now a great time to look into buying a home.

  4. The cool thing about this post is that it actually came true at the beginning of 2009. I honestly didn’t think that we would really see 4.5% interest rates and I was the first one to eat crow when we did.

  5. It is a great time to purchase a a home the rates have never been lower. and here in largo there are plenty of deals that i am looging at and your website has been very helpful thank you

  6. Yes this is the Chistmas present that just keeps on arriving. Just wish someone could get it accross to the home buyers that this is a home buyers real estate market not a fence sitters market.

  7. Now the senate’s proposal of a $15,000 tax credit for home buyers could be a 2nd Christmas present. It will be interesting to see if this proposal passes in the coming weeks. Could help to stop the slide.

  8. You are absolutely right. It is still a fantastic time to buy. It is amazing that the market has not turned even faster than it has.

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