Good news for those considering buying Laurel real estate, Fed Chairman Benn Bernanke says that rates should stay low for the foreseeable future.
Low rates will still make it possible for first time home buyers to pursue the dream of owning a home in Laurel Maryland. However, tighter credit restrictions will still have a negative impact on home buying in Laurel.
The federal government is taking steps to protect its assets. The current housing market took a heavy toll on the FHA. The government will have less involvement in home purchases, until it can be in a position of strength.