recent interest rates for 30 and 15 year fixed rate mortgages

Despite what is happening in the market today re: our industry, industry professionals still maintain that home ownership is still the best investment Americans can make. Despite falling prices overall it is still the best investment you can make.

Many homeowners think that wealth accumulation is to re-fi out equity every few years and that way of thinking simply does not work " Taking out cash on constant refinances is not the route to wealth".

As it seems at this very moment, the bail out is going to happen and Wall Street seems to think the same way. We may be a long way off from getting this thing fixed, but it appears as of now, that the powers that be seem to think its going to happen.

What that means to people like us is this - more waiting. Waiting this thing out, if possible, should end up paying off.

Sure many of you may disagree and rightfully so, but if the trend on Wall Street proves to be correct, we may just very well be on our way - Our way out of this mess.

We can all hope!

Thanks for reading

 

As always, please check out www.easywaytoshop.com and request to be added to the directory, Its free! Its good business! Space is limited.

 
This post has been included in Washington Information
Post is included in group: Diary of a Realtor
Post is included in group: Loan Officers - The tough nut to crack
Post is included in group: POSITIVE ATTITUDE for the Weary Soul
Post is included in group: Puget Sound - WA Real Estate
Post is included in group: Washington State Investors and Investment Opportunities

3 Comments on Dow responds positive to possible pending bail out deal

SEP
25
2008
126,287 Points Outside Blog

Oh I definetly is wishing and haping and praying for this to take a turnabout.....soon.

2:32pm • #1
126,287 Points Outside Blog

I'm wishing and hoping and praying that this turns around real soon.

2:32pm • #2
Localism Sponsor Outside Blog

Jeff, I always like to look at the glass as half-full. I agree that a home is not a piggy bank. And in time homes will begin to appreciate. Absent the abuses of the past, our markets will be normal.

2:37pm • #3

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Jeff Polonsky

Mill Creek, WA

More about me…

loansnjobs.com and EasyWayToShop.Com

Address: info@loansnjobs.com, mill creek, wa, 98012

Office Phone: (800) 497-4223

Email Me

Anything Real Estate - or Finance - Gloves off comments Get the Your Badge - Facebook, Linkedin, Twitter, Blog widget and many other great free widgets at Widgetbox!


Links

Archives

RSS 2.0 Feed for this blog

Find WA real estate agents and Mill Creek real estate on ActiveRain.