4.5% Interest Rates on Homes - Is this real? - Travis Egan, Lender, Delavan Real Estate

December 4, 2008

   

I saw an article today on washingtonpost.com website that a person with some knowledge in the Treasury Department is suggesting that banks will lend mortgages at 4.5% for new home purchases.

It got me thinking.  Are interest rates really what’s keeping people from buying real estate in Lake Geneva, Delavan, Elkhorn, Williams Bay or anywhere in Wisconsin for that matter?  I mean rates have already fallen to the mid 5’s on many Wisconsin FHA mortgages. 

I believe the answer may simpler than the experts think.  Read about it here.

7 Comments | Delavan, Elkhorn, FHA, Janesville, Lake Geneva, Real Estate | Tagged: , , , , , | Permalink
Posted by Travis Egan