It is a common misperception by the general public that fixed rate mortgage interest is tied directly to Federal Reserve interest rate movement. On the contrary, the determinant is the performance of mortgage backed securities (MBS), most of which are issued by Ginnie Mae, Fannie Mae and Freddie Mac.
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One-of-a-kind waterfront estate! The best deep water boating between Key West and Marathon with over 300′ waterfront, a concrete seawall & two boatlifts. Spectacular sunrises and sunsets from multiple porches, decks & lanais. This 7100 SqFt. property encompasses 6 bedrooms and 7 full baths on over 1/2 acre of landscaped grounds. There are 2 garages and a beautiful pool & spa overlooking the water. Truly for the discriminating buyer. $3,995,000
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Courtesy of Ruben Concepcion - Keys Financial Corp. (www.keysfinancial.com)
(11/13/09) Last week, a new Homebuyers Tax Credit bill was signed into law. The bill extends the tax credit for first-time homebuyers (FTHBs), as well as opens it up to current homeowners who are looking to buy. And even if you aren’t looking to purchase - pass on this article to anyone you think might be in the market to do so. This is information that might benefit them greatly, and I’ll be happy to be of service to them.
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