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INTEREST RATES TEST ALL TIME LOWS!
March 18, 2009 - New York Fed Expands Purchasing of Mortgage Backed Securities to $1.25 Trillion!
The Federal Reserve Bank of New York today expanded its purchasing of fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, which drives FHA loan interest rates. The FED plans to buy up to $1.25 Trillion in the coming months. This program is aimed at driving down interest rates and making FHA loans more available.
What does this mean to you? Simply put, it means that over the next few months we are likely going to see the lowest interest rates on record. Don't wait for rates to rise, that could be costly. Let ENG Lending help you take advantage of these exciting low rates with an FHA loan and get the result you want: approval! Learn more about FHA Mortgages and FHA Refinance.
 Consolidate Bills, Save Money with an FHA Refinance
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