Interest Rates 1/27, FHA Change, and an Interesting Online Tidbit
January 28, 2009
Only Time Will Tell!
Interest Rates are back down a smidge this week to 4.875% again. There is also talk that the Feds will be reducing rates once again, that would bring them to a 35 year low.
If you are currently looking for a home and anticipate using a FHA loan, please note that minimum credit scores will rise from 580 to 600 on February 3rd.
Move.com/Realtor.com announces the 5 most searched Real Estate Markets Online in December 2008.
1. Los Angeles-Long Beach, CA
2. Chicago, IL
3. Riverside-San Bernardino, CA
4. Phoenix-Mesa, AZ
5. Detroit, MI
A pick up in these markets would mean great things to sellers in NC! Only time will tell!
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