Something that I really worry about is what will happen to interest rates once the Federal Reserve stops buying mortgage backed securities and Treasury Bills. These Federal Reserve purchases are the main thing keeeping interest rates on conventional mortgages so low, but the Federal Reserve can not keep this up forever. Without a private market coming back to life to purchase mortgage backed securites, the Federal Government is the only thing that is providing capital for new mortgages.
That is why I am telling my buyers that now is the best time in the foreseeable future to buy a home while cheap financing is still available.
For more information about Financing a home purchase, visit my website at https://www.maureenmegowan.com
For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.
