Lehigh Valley Home Mortgage Interest Rates Drop!

Interest rates dropped almost 3/4 of a percent today as the FED announced plans to buy up to $600 Billion in debt. The 30 year conventional interest rate on a Lehigh Valley home mortgage dropped to 5.5%.

It has been said for a while that home mortgage interest rates had a "risk" factor built into them. The drop in rates as the FED decides to back some of these mortgages adds truth to this. The risk factor has gone down so the interest rate goes down.

This puts buying a house totally in the hands of the Lehigh Valley Home Buyer. With low interest rates and sellers that need to sell, now may be the best time to purchase a home. 

Visit Lehigh Valley Homes Online for more information.