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Tuesday, August 17, 2010

What do low mortgage rates mean for teachers?

The Fed recently announced that borrowing rates will remain at record low levels. What does this mean for teachers? It that everyone will continue to get great rates on their mortgages, but that many of the mortgage deals for teachers will be irrelevant or discontinued.

Some real estate deals are even better with low rates. For example, deals that offer interest free loans are still worth the trouble. Interest free always beats low interest. The Good Neighbor Next Door program is now an incredible deal. Teacher who buy now, not only buy a house for 50% off, they also get a good rate on their mortgage.

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