21 июня 200716:00
SKB-Bank’s Lending Director reports mortgage interest rates go down on July 1, 2007
Federal Mortgage Lending Agency declared it was going to reduce mortgage interest rates on July 1, 2007; the lowest rate will now come to 10.75% a year. 'This reduction is part of the Affordable Housing project; provided the inflation rate drops as well, interest rates are expected to decrease even further. In fact, the lowest annual interest rate might amount to a modest 10% as soon as this year; I’d even say it’s not unlikely the rate might drop even lower. It’s true that a .25% decrease is not too much, yet what should be appreciated in this case is the very intention of the