Various programs help homebuyers with mortgages

POSTED: 01:30 a.m. HST, Jun 03, 2012

~~<p>Question: Where do you think interest rates are going? How much longer do you think they will be at historical lows?</p>
<p>Answer: While the Federal Reserve has pledged to keep rates low through 2014, it’s not practical to try and predict how long rates will stay at their current historically low levels. One thing to also keep in mind is potentially tougher qualifying guidelines that may be coming due to legislation related to the Dodd Frank Act, which implemented financial regulatory reform. If you have the chance to take advantage of today’s low rates and low home prices, do it now.</p>
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Question: Where do you think interest rates are going? How much longer do you think they will be at historical lows?

Answer: While the Federal Reserve has pledged to keep rates low through 2014, it’s not practical to try and predict how long rates will stay at their current historically low levels. One thing to also keep in mind is potentially tougher qualifying guidelines that may be coming due to legislation related to the Dodd Frank Act, which implemented financial regulatory reform. If you have the chance to take advantage of today’s low rates and low home prices, do it now. Login for more...