In short...there not.

I am sure most of you have heard about the Fed recently cutting interest rates drastically. What many don’t understand is that the Fed rate does not have a direct correlation to mortgage rates. It is quite complicated actually, but the mortgage rates are more affected by bonds and speculation about inflation more than anything else. Here is a good article that over simplifies it a bit but explains it in a pretty clear manner.

Despite the lack of cause and effect from the Fed’s rate cut, mortgage rates are still very very low right now. Couple this with high inventory and now represents a great time to buy some Indianapolis real estate. While the much of the rest of the country will still be dealing with the “housing crises” for years, Indianapolis is already poised to make a comeback.

If you are thinking about purchasing real estate in the Indianapolis area, contact your favorite Indianapolis real estate agent who gives a 50% commission rebate and start looking for a house while the getting is good.

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Date: 2008-01-24 14:47:15
Views: 288

How Indianapolis Mortgage Rates are Affect by the Fed Rate