Lani Shadduck – Boston’s housing market has been one of the few lucky ones to get out easy in the current real estate fiasco that haunts the country. The real estate market in the Boston area has been stabilizing and home prices are on the rise. Home mortgage rates are also down to 4.95 percent, indicating the area’s recovery and a chance for home buyers to take advantage of low rates.
The Federal Reserve will soon stop its buying spree of $1.25 trillion in mortgage-backed securities as part of its bailout of Fannie and Freddie. The move has kept mortgage rates artificially low, and many analysts expect rates to rise come the end of March when the Fed’s deadline is reached.
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