An effort by NAR to spur home sales through a mortgage-interest rate buydown appears to be gaining traction, according to reports in major news media like the Washington Post and The Wall Street Journal. "Treasury officials told the Realtors that the [buydown] plan could be a more effective way to help homeowners than focusing solely on borrowers struggling to meet their monthly payments," the Washington Post story says, referring to a November meeting between NAR and Treasury officials.
The interest rates have dropped to where it is very lucrative to purchase a home here in Palm Coast, FL. The prices in Palm Coast and Flagler County are stilll at an affordable rate.
Tuesday, December 9, 2008
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