The Federal Reserve announced that it is planning to purchase $750 billion in mortgage-backed securities and up to $300 million in Treasuries. Because interest rates are so closely tied with mortgage-backed securities, we have seen interest rates dip unbelievably low. Freddie Mac has announced these are the lowest interest rates we've experienced in 38 years.
Please don't hesitate to contact me with any questions you may have. I help people realize their dreams of home ownership here, in Portland, OR. I also work with a lot of investors in analyzing properties to determine what their cash flow will be as well as projected ROIs.
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