NAR Applauds Federal Reserve Purchase of More Securities
Posted by TheHomeCart.com on Tuesday, March 24th, 2009 at 10:24am.“The National Association of Realtors® applauds the Federal Reserve announcement today that it would purchase an additional $750 billion in Fannie Mae and Freddie Mac mortgage-backed securities and up to $300 billion in longer term Treasury securities,” National Association of Realtors® President Charles McMillan stated on March 18. “This is great news for American home buyers and homeowners because mortgage interest rates will continue to remain at historic lows.”
Greater numbers of home buyers will be able to purchase a home, he adds, and homeowners facing challenges will be able to refinance into better terms. The Federal Reserve’s move will push affordability conditions to the best levels in 40 years.
Continued low rates will also lessen foreclosure pressure and help stabilize home prices sooner, as more American buy homes and draw down inventory.
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Denver Metro area helping buyers and sellers with homes, townhomes, condos, lofts, and investment properties. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
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