If you’re keeping track of this blog, you know that we’ve received a good many “gifts” this year in terms of the Feds actions to boost liquidity. Well, Uncle Ben had one more gift for us through 2008 to usher in the 2009 home loan and home buying season!
As we roll into New Year, look for the Fed to begin purchasing the $600 billion in mortgage-backed securities wracked with bad loans starting this month. $100 billion worth of these bad loan securities have already entered into the buying pool via the Fed’s chosen brokerage firms, which include BlackRock, Goldman Sachs, PIMCO and Wellington Management Company.
Florida home buyers and mortgage rate shoppers should absolutely consider this latest Fed move a gift! Spread the word via Twitter, Facebook, or heck – carrier pigeon:
Now is the time to buy Florida Real Estate!
However, rates never hold fast for long, so if you’re in the market for a peaceful spot for a piece of Lakeland real estate, an Orlando Luxury Home, or a slice of Clearwater real estate beachfront paradise, email me or give me a call at 863-604-3019 soon so we can get your rate locked in before they begin heading northward.
I hope you found this post useful! As always, if you or anyone you know is in need of a local Florida mortgage loan originator, I’m your guy. Call me at 888-859-7418 or apply online for your Florida mortgage. We’ll keep you posted and let you know when it’s time to pull the trigger!
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Rates ticked up a little today not sure what direction they are going now.