Much speculation mortgage rates will rise by the year's end!

Foundation Square News

Saturday, April 17, 2010

Don’t wait! This is the perfect time for you to take advantage of truly incredible mortgage interest rates!

Say goodbye to the lowest mortgage rates in about 50 years. For the past 16 months the Federal Reserve has helped keep rates low -- around 5% for a 30-year loan -- by purchasing mortgage-backed securities. But that program was scheduled to end in March, and private investors aren't expected to step in to fill the void at the same low rates. As a result, the consensus among economists is that rates will climb to between 5.3% and 6% by year-end.

Call Jolynn Musel anytime at SunTrust Mortgage to learn about how easy it is to finance your condo purchase and find out about the outstanding rates offered at Foundation Square, by calling 757-253-9303.

Above from the April 2010 issue of Money Magazine in an article titled "Make the Right Moves".

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