Mortgage news is good for Baton Rouge real estate as rates look like they will be staying put. Ben Bernanke announced today that he doesn’t see interest rates going anywhere for the time being, in order to help the fragile economy. Low home sales and unemployment figures across the Country make raising rates an impossibility. Low rates have helped boost the real estate market in recent months. In addition, keeping interest rates low will help those thinking of buying real estate in Baton Rouge LA.
The tax credit for first time home buyers and those who are have lived in their primary residence for five years. The tax credit combined with low mortgage rates make it an optimum time to purchase real estate in Baton Rouge.
Click here to read an article from Yahoo Finance about interest rates.
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