> At Home Around the Chesapeake Bay: Buyers Have More Purchasing Power as the Interest Rates Remain LOW

Wednesday, June 23, 2010

Buyers Have More Purchasing Power as the Interest Rates Remain LOW

FHA & VA Mortgage 30 Year Fixed rates remain at 4.5% up to a purchase price of $560,000. Conventional 30 Year Fixed rates match the FHA & VA Mortgage rates of 4.5%. That means that buyers have more purchasing power (can buy more house for the money). For those individuals thinking about buying their first home, moving up or a second home, it's a great time to buy.

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