Fannie Mae chief economist Doug Duncan recently estimated that “mortgage interest rates might rise 0.1 – 0.5% points” when the Federal Reserve Board stops buying mortgage-backed securities cold turkey on January 1st.” To help guard against this risk and give you even more buying power, Shea Homes will buy down your interest rate below the already historically low rates. For example: On 10-1-09 a $400,000 fixed rate mortgage loan can be as low as 4.25% 30-year fixed after we contribute over $15,000 toward buying down the interest rate. That is a full 1.00 % below the great par rate of 5.25%. Let us help you experience life at this resort with the lowest base pricing and a low cost of home ownership now, before rates increase.
