Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

Look for interest rates to climb beginning in late spring as the Federal Reserve stops buying mortgage backed securities, the Fed committed about 18 months ago to purchase $1.25  TRILLION in Fannie Mae and Freddie Mac securities, a move aimed at keeping liquidity flowing so rates would stay low and Fannie and Fressie would continue guying conforming loans. This commitment ends March 31, 2010...and while the full impact will not be known for several months, it is certain to cause a rise in rates.

So if you are sill sitting on the fence....it is time to get off the fence and buy your home soon. Also remember the $8,000 Tax Credit is gone this month. There is little time to get those Tax credits but only a few days.

Have a great one...Let me know how I can help you call on email anytime. until next time...