Linda Heinrichs, Broker » portland homes http://pdxrelo.com Just another Real Estate IDX Sites weblog Thu, 19 Mar 2009 03:19:22 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Latest Fed News http://pdxrelo.com/2009/03/18/latest-fed-news/ http://pdxrelo.com/2009/03/18/latest-fed-news/#comments Thu, 19 Mar 2009 03:19:22 +0000 berkeley http://pdxrelo.com/2009/03/18/latest-fed-news/ What does the latest Fed news mean to you?  Well, if you are thinking of buying a house it means that interest rates will continue in their historical low for a while.  But don’t sit back and think it will last forever.  Prices are lower then ever, rates are awesome and there is that $8000 credit that we keep talking about.  Think about it a $250,000 house at a 4.875% rate is close to a $1300 a month payment.  The same house at 5.875% goes to $1427 and a return to rates closer to 7% is a whopping $1600 a month.

The market will change for sure, but folks always need a place to live.  Take advantage of the Buyers Market and engage a professional Accredited Buyers Representative to help you make lemonade out of lemons.

Here is what the latest rates look like via the mortgage professor www.mtgprofessor.com

Program Most Recent

(3/18/2009)
 Previous Day

(3/17/2009)
 Week Ago

(3/11/2009)
30 Year 4.811% 4.847% 4.886%
15 Year 4.481 4.492 4.509
7/1 ARM 5.245 5.185 5.262
5/1 ARM 4.180 4.178 4.184
3/1 ARM 4.787 3.725 5.549
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