The recent FOMC meeting cut estimates for GDP and sighted slow increase in household spending which seems to indicate we are not out of the woods yet. The FED further indicated rates would be kept low through 2012 which is good news for home buyers.
Mortgage rates have been easing steadly downward (not sure how much lower they can go) with 30 year fixed rates averaging about 3.74% according to Freddie Mac as of June 14th.
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