Jess and Julie Lyda ~ RE/MAX Northwest Realtors ~ Local Market Experts For 26 Years ~ 425-487-3001
Wednesday, March 18, 2009
Breaking News: Interest Rates to Drop Near 4%
Bernanke announces new stimulous plan to push down interests rates near 4%. “They wanted to shock the market and they succeeded,” said Ajay Rajadhyaksha, the head of fixed-income strategy at Barclays Capital in New York. If the Fed’s action “succeeds in driving primary mortgage rates” to about 4.25 percent to 4.5 percent, that would increase “affordability, which will in turn lead to increased housing demand.”
Labels:
breaking news,
King County,
Mortgage rates,
Snohomish County
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