Government Plans to Lower Interest Rates for Home Buyers

This past Tuesday, the government spoke up about plans to buy up to $100 billion in mortgages held by Fannie Mae and Freddie Mac and the Federal Home Loan Bank, as well as purchasing up to $500 billion of mortgage securities.  This plan was issued in order to lower interest rates on loans by directly buying mortgages.  It is expected that this will help home buyers out—a move that looks promising.

For more on the current national mortgage rates take a look at bankrate.com.  Learn more about the plan to lower interest rates at usatoday.com

For more information on real estate on Alabama’s Gulf Coast, including Mobile, West Mobile, Fairhope, Spanish Fort, and Daphne Alabama, contact your local realtor Barbara Reeves by email or use the “Talk Now” button on this page.