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  #1  
Old 09/27/13, 04:38 PM
 
Join Date: Aug 2013
Location: Lent Twp MN
Posts: 76
If you are thinking about buying a farm, do it ASAP

Interest rates just dropped below 4% this week, if you want to buy it is time. As soon as the fed stops pumping money into Wall Street, they are going to go up fast.
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  #2  
Old 09/28/13, 11:03 AM
 
Join Date: Sep 2005
Location: EastTN: Former State of Franklin
Posts: 4,483
The FED can't quit pumping money into Wall St, banks, and federal debt, attempting to keep rates low and banks appear solvent.

Eventually, they will lose the battle, and rates will likely rise anyway, or the rest of the world won't take a US buck for anything.
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  #3  
Old 09/28/13, 12:09 PM
 
Join Date: Dec 2009
Location: West Iowa
Posts: 267
Farms are selling for more than ever, at least in this area, so lower interest rate don't mean much.
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  #4  
Old 09/28/13, 01:53 PM
 
Join Date: Nov 2008
Posts: 5,205
There are a few properties up in this neck of the woods that folks are hoping you'll jump at because the rates just got lower....But as soon as it starts raining again, you'll wish you had been wiser, had looked at good dry properties, and had a big down payment to get an even lower fifteen year mortgage. No sense buying a pig in a poke.

geo
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