Another RATE DROP?

Another RATE DROP???

Mortgage rates moved lower for the third consecutive week, this week. Weak economic data has been boosting Treasury prices and lowering yields in the bond market and mortgage rates followed suit. 30-year fixed rate mortgages averaged 5.69% this week compared to 5.87% last week according to Freddie Mac’s mortgage market survey.

However, a half point rate cut at the January 29-30 FOMC meeting is the most likely outcome with additional rate cuts at subsequent meetings.

This is great news for San Diego real estate. When rates drop, more buyers qualify! There are plenty of programs and numerous foreclosures for pennies on the dollar!

Don't miss the current foreclosure BOOM!Call me now to find out how to take advantage of the current market!

Have a great weekend!

All the best,
Marc

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For everything you need to take advantage of the current foreclosure market in San Diego, go to http://www.MarcVonMusser.com

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