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Interest Rates are Awesome! 1/2 Full or 1/2 Empty?

copyright CKR 2007 This week's economic numbers can be looked at two ways....either our economy is half full or half empty. New home sales showed a surprising increase in sales for the month of September (could it have anything to do with the builder incentives?) and resale home prices may have stabilized and even improved in some areas. Tech stocks are doing great with Microsoft, Apple, Google and Intel leading the way. Airline stocks, after years of being beat up, are showing profits including our homie U.S. Airways. Las Vegas is at 95% capacity and the resort and entertainment industry is going strong. More Europeans and Canadians have visited our country this year than ever before. We are still out shopping, traveling, spending, going to movies, buying electronics, video games, DVD's, eating out, living our lives, looking at houses (some of us even buying). And we live in one of most beautiful and economically sound states in the union.

FYI: Interest Rates are awesome! And if the Feds drop the Fed rate next week, adjustable rate mortgages, along with the 30 year fixed will give buyers more financing options.

30 Year Fixed 6.250
Loan amounts up to $417,000
FHA 6.500
Loan amounts up to $263,150
VA 6.500
Loan amounts up to $417,000
3 Year ARM 5.875
Loan amounts up to $417,000
Jumbo
Loan amounts over $417,000

Considering relocating to the Metro Phoenix area, whether you are relocating for a new job, for family, or to retire, I can help make your move successful and stress free. Not sure which neighborhood is right for you? Need information about schools, employers, local taxes and financing? Be sure to Contact me for all of your relocation needs including:

Community and school information (with maps)
Personalized home searches based on your needs
Expert advice on local taxes and financing
Expert advice on local businesses and employers
Referrals for movers, utilities and other local service providers
Hotel reservations and other travel assistance
Anything else you need to make your move successful

Please feel free to browse through some of the East Valley areas (click link) and be sure to let me know if I can be of assisstance to you in all your real estate needs. Fantastic lenders available upon request to help you get pre-qualifed.

Other help-ful resources:

Candace Robinson - Help-U-Sell Southeast Valley 480-202-3558 - 1521 E. Elliot Rd. Ste101, Gilbert, AZ 85234

Posted by Gilbert Arizona Real Estate - Candace Robinson on 10/29/2007 03:03 PM

Comments (15)

life in gilbert, arizona real estate, gilbert real estate, arizona mortgage, localism

Originally posted at: The Phoenix Housing Blog: Interest Rates are Awesome! 1/2 Full or 1/2 Empty?

This post has been included in Arizona Information Maricopa County, AZ Information Phoenix, AZ Information

15 Comments on Interest Rates are Awesome! 1/2 Full or 1/2 Empty?

OCT

2007

Great post Candace and I always choose to look at the cup half full. This is the reason God has blessed me in my business.

CANDACE: Nice job on this one. You must still be riding the wave of your feature! ;-).

Half Full Sister.... Half Full.............. With WINE!!!

I think a number of factors have helped to increase home sales over the month of September, especially builder incentives. I know of several builders offering between 40k to 100k in upgrades.

George - Thank you for your continued support and postive attitude! No question you are good at what you do and you are blessed by a big guy!! Keep sharing the stories!

Adam - thank you! I will be riding the wave for some time, Thank you again!

Dez - you have me cracking up! I just tried to reach you on the phone, my dogs think I'm crazy, they just looked at me like I was a nut laughing at my computer screen. I think Jason C. considers that a LOL maybe!! Thanks for your humor and lighting up my world (comments). Lets talk soon!

?? Mystery Person ?? - Not sure who you are, yes I agree. There are several factors including upgrade incentives from the builders for sure!! Looking at a glass half full! Thanks for stopping by!

yes interest rates are low...teach me ...if they are so low and we have a surplus of homes for buyers...why are the experts saying we are in trouble ?? why are sales in a nine year low ???experts are saying the home sales are leading us into recession-- end of year we will be in a full blown recession-- is my glass half empty....

OCT

2007

Hi Candace,
The cup is 1/2 full and I expect more to be added! That is the way I look at things, always expecting more and better.

Candace -it's often hard for buyers to keep things in perspective. They need a real advocate to tell them wht the real cituation is and how to interpret the numbers in the way that make sense to them.

Half full all the way - if that makes any sense. The historical average is in the 8-9% range, so these are the good times for sure!

Griff - Well-- I for one am thinking that I will believe this is a great time for buyers! Best ever! I think we need to as Professionals change the perception of the consumers and educate them that buying now is a great time, oppose to later!

Cynthia - I agree with you!

Faina - Yes, I agree! As professionals, it is our responsibility to help them see the glass half full and not buy into the negatives and the media!

Shailesh - Absolutely, BINGO!! Thanks for stopping by.

NOV

2007

Awesome post & graphic Candace! The Market is turning around here in NW IN and the cup is always half full as Jeff says if you wake up and your name is not in the obituary - it is going to be a great day :) LOL

Sincerely,

Grace Safin