Interest Rate Coming Down - Time to Refinance or Buy that Home

Have you been waiting to refinance your home or to buy a home? The time may be coming pretty soon to get that new mortgage. I believe that there is about an 75 - 80% chance of at least a quarter point reduction when the Feds meet next week. There is also a 40 - 50% change of a half point reduction.

This will mean thousands of savings on your new mortgage. With house prices lower now than they were a year ago this will be the best time to buy a house in the past couple of years.

If you are in the market but have been going slow, now is the time to start looking. You will save a ton do to savings on the house price and interest rate.

[tags]interest rate, house prices, mortgage, loan, refinance, real estate, homes, market[/tags]