In these challenging economic times more people are trying to save money. If you are a homeowner one way to save is to refinance your home. You may be able to save a few hundred dollars a month by utilizing this option. Some homeowners elect to take some cash out to pay off credit card debt or school loans.
The interest rates have dropped all summer and are between 5-6% for most. The Fed is talking about dropping it to 4% which has not been seen since the 1960's! this could be a great thing for every homeowner... maybe not. It appears they have not decided exactly when it will drop, but they have decided it will only apply to new home purchases.
The plan is to motivate potential home buyers to get off the fence and buy a home now. The goal is to give our economy an uplift to help keep the economy moving forward out of our current recession. While I like the idea of more motivated buyers I think they should allow current homeowners the same benefit. It might help prevent more foreclosures. What are your thoughts on the subject, please give me some feedback.
Betina
If you are in the market for a new home and are not presently working with a Realtor, call me. I would be happy to help you through the process of buying a home. I specialize in Relocation and I have a network of experts to make the process simple and easy to navigate. I look forward to the opportunity to earn your business.
Betina Foreman, Realtor
Keller Williams Real Estate 1801 S. Mopac, Suite 100 Austin, Texas 78746
512-771-6318 Realtor_Austin@yahoo.com Betina@BetinaForeman.com www.BetinaForeman.com
Member: Austin Board of Realtors, Texas Association of Realtors, National Association of Realtors, ActiveRain, Trulia-Top Voices, and Zillow-Neighborhood Pros.
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