Interest Rates and $8,000 Credit Information

In talking to others in the Real Estate industry we all were surprised that the FED announced that they would begin purchasing both long term Treasuries and Mortgage Backed Securities.

The Bond and Mortgage Market Rallied once news broke to them, as "everyone" had been waiting for this annoucement. 

In Result: 30 Year FIXED Rates - 4.75%

Odds are Rates at these Levels we may never see again | In the past inflation rose when we see signs of recovery.

First Time Homebuyers don't forget about the $8000 Tax Credit