Question removed
No, it should not affect rates but hopefully will impact the amount of money available to banks to be able to loan to qualified borrowers. rates will stay steady until after the election, once sales start to increase look for a rise in interest rates, until then they should hover where they are.
Interest rates are sensitive to the market and the takeover by the Government of Fannie Mae and Freddie Mac which certainly create a wave of change in the mortgage market. I recommend you contact your local lender for more specific information on any changes in the regulations and fees and loan requirements for buyers seeking conventional financing in addition to any changes in the interest rates. At present, housing inventory nationwide continues to be high and interest rates are still at historical lows. As I advise my clients, if you find a property you want to buy and you have cash or financing, then get started as soon as possible. Good luck. Emily Medvec
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Buying
View all »
Ask a question
|
|
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
Company Info
Trulia Links
Real Estate Professionals
Residential Real Estate
San Francisco real estate | New York real estate | Los Angeles real estate | Orlando real estate | Miami real estate | Philadelphia real estate | Phoenix real estate | San Diego real estate | San Jose real estate | Chicago real estate | Arizona real estate | California real estate | Florida real estate | Illinois real estate | Massachusetts real estate | New Jersey real estate | Pennsylvania real estate | Texas real estate | Other local real estate | Home price maps | Real estate community | U.S. Property records
Legal
General Terms of Use |
Advertiser Terms of Use |
Trulia Pro Terms of Use |
Privacy Policy |
Community Guidelines
Copyright © 2009 Trulia, Inc. All rights reserved. | 
Fair Housing and Equal Opportunity