These low rates are due to the spending surge that the Federal Reserve took advantage of, surprising investors with $85 billion worth of bonds a month. This move encourages families to stimulate the industry by giving them a good situation that will urge them to buy a house and contact a skilled Virginia mortgage broker. The truth behind these low numbers is driven by the fact that the industry is still recovering from blows that it endured five to six years ago. The industry is slowly coming back to life, but it still needs a good push, as credit unions may also make it easier for buyers to qualify for mortgage through looser requirements and criteria. The rates will hopefully spur several families to action and contribute to the continued resurgence of the housing industry.
http://virginia.churchillmortgage.com/industry-news/positive-outlook-for-mortgage-with-a-reliable-virginia-mortgage-broker/
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