October 17, 2017

Mortgage rates could drop

  Ok.. get ready…… set….. Stand by! This from the AP and published in the Courier-Journal today:

·         WASHINGTON — Government efforts to provide easier credit to consumers and jump-start flagging home sales could push mortgage rates “well below 4 percent,” a federal regulator says  James Lockhart, whose agency oversees government-controlled mortgage giants Fannie Mae and Freddie Mac, made the comments Wednesday at a meeting of Women in Housing & Finance, an industry group. He did not say how long it would take to achieve such a drop.  Treasury Department officials have been considering a program to lower mortgage rates, which would not apply to refinanced loans. Real estate agents and builders have been lobbying intensely in Washington for government efforts to spur home sales amid a severe decline in the U.S. housing market,  www.weselllouisville.com

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