Wednesday, March 18, 2009

Cramer: Time to Refinance!

"Time to refinance". That was Jim Cramer's response to this afternoon's announcement by The Fed that the key federal funds rate will remain unchanged in a range between 0% and 0.25%. The Fed also promised to keep that figure low for the foreseeable future. Cramer has been calling for 4% mortgages and refinancing for all homeowners and buyers, and he thinks today’s announcement allows for that. Go to the CNBC website and read the whole story.

I believe that these low mortgage rates, fair inventory on the Outer Cape, reduced economic uncertainty, and Spring, make this a great time to buy real estate.

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