The Fed Rate being slashed will help homebuyers

With the recent mortgage meltdown it is very pleasing to see that the Federal Government have decided to trim the Fed Rate to help homebuyers.

The National Association of Realtors, one of the leading advocates in national home ownership, has expressed delight at this decision to help buyers move forward with that all important property purchase.

This move will of course aid the majority of housing markets across the nation. Locally in Loudoun County, the market has been strong against many national negative factors. The market is robust and the area is one of the fastest developing in the nation.

The cutting of the Fed Rate will make home buying more affordable as well as taking the pressure off slightly of ARM’s which are adjusting.

All in all great news for the local and national housing market - Now is the time to buy!

If you are considering a home purchase in the area then please contact Shirley Chambers on 703-450-8398.

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