Mortgage Rates Fall Again, Average 2.91%

A new Fed policy could help keep interest rates low for longer, NAR says.

The Federal Reserve this week announced the adoption of a more flexible policy to achieve inflation that averages 2% over time. “This significant change can keep interest rates low for longer periods, which could translate into both long periods of cheap mortgages and a strong job market,” the National Association of REALTORS® said in a statement. “More and more home buyers and homeowners are expected to take advantage of these ultra-low rates.”

Perhaps you can qualify now to become a homeowner. Go to www.buyonstatenisland.com to find your dream home.

 

Source: Mortgage Rates Fall Again, Average 2.91% | Realtor Magazine

Leave a Reply