Raleigh Residential Real Estate – Mortgage Rates Falling – It’s a good time to buy or refinance a home in Raleigh, North Carolina area- Follow up

Raleigh Residential Real Estate – Mortgage Rates Falling – It’s a good time to buy or refinance a home in Raleigh, North Carolina – Follow up

Yesterday in my blog, I covered this topic and promised I would follow up with what the Fed actually did on Tuesday of this week (today). We’ll this time the prognosticators were correct in that the Fed did not raise rates as it has done 17 times over the last years. The federal funds rate is currently at 5.25 % which is up from a low of 1.25%.

This means it is a good time to go ahead and make an offer to purchase a home or consider a re-finance on your home if your current interest rate is about a half a point or more higher than the above figures. If you are interested, we can recommend some very good and helpful lenders.

Give us a call on our toll free number at (888) 221-5940 to hear about our homes for sale and lots of free information or to be connected directly to us.

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