Federal Reserve move to boost economy – a win for San Diego home buyers

Call Lorraine Santirosa 619-248-5484. Http://www.SanDiegoMilitaryRelocationExpert.com SAN DIEGO MILITARY HOMEBUYER SPECIALIST!

On Wednesday the Federal Reserve Chairman Ben Bernake made an unprecedented move to boost the economy. The FED chairman plans to drive down interest rates by:

1. Purchasing $40 Billion worth of mortgage bonds a month

2. Purchasing $45 billion worth of treasury bonds a month

3. Keeping interest rate at 0.25%

What does this mean if you’re looking to refinance your home or obtain a mortgage at a fixed rate? The already historic low interest rates are about to get lower. This is truly a great time to buy a home here in San Diego with prices and rates where they are. If you’re a veteran using your

VA benefit for a home loan, lower interest rates will make buying a more favorable option than renting.

 

 

 

 

 

 

 

Share this great news with your family, friends, coworkers, and neighbors. Feel free to contact me for more information at 619-248-5484

Lorraine Santirosa is San Diego VApro Agent Helping Veteran’s Achieve The American Dream. Lorraine is taking her expertise in Real Estate and VA Purchasing to serve those who serve us, our Veterans. As a VApro designated agent, Lorraine has the inside knowledge and expertise to get VA purchases closed and to help Veteran’s use the benefits they may not even know they have.

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