interest rates: Lower Rates - Better Home Sales
- 12/29/08 11:14 AM
Sales have picked up for several reasons. One big reason, is the easing of interest rates - simple. Lower interest rates allow one to buy the same home with a more affordable monthly payment. Although, credit is a little more difficult to come by. Stricter lending terms, larger down payment requirements make the likelihood of future foreclosures less and a prolonged housing recession less likely … (2 comments)
interest rates: FED to cut Interest Rates! - How Much??
- 10/29/08 03:33 AM
Federal Reserve policymakers are expected to cut interest rate by a half-point, pushing the federal funds rate down to 1 percent, as they wrap up a two-day meeting Wednesday. The worst financial crisis in 70 years has forced the Fed to employ all the weapons in its arsenal - including cutting interest rates to near historic lows - to try to keep the country from plunging into a deep recession. A new cut would put the Fed's target for the interest banks charge each other on overnight lows down at level last seen during a 12-month period from June 2003 to … (0 comments)
interest rates: Are interest rates going to Zero %
- 10/14/08 09:38 AM
Are we headed to 0 % or ZIRP (Zero interest rate policy?) Not since the 1930's, (after the Great Depression) have we had ZIRP monetary policy. However, I am hearing it more and more... and it may not be that far-fetched, since we have seen rates drop 2 points about 2 months, , another 2 ¼ points over the year is not much and would get us to 0%. What is the net effect ?? we need lower interest rates (maybe not ZIRP) to stimulate the economy, housing and hopefully, get mortgage interest rates to move lower to stimulate the economy' … (0 comments)
interest rates: Interest Rates Drop
- 10/06/08 08:33 AM
Credit markets were still choked Monday, as the financial crisis spread throughout Europe and stock markets around the world tumbled. Treasury prices jumped higher as investors waited to see signs of relief. "What we thought was going to be a contained domestic problem is definitely global," said William Larkin, portfolio manager at Cabot Money Management. "It is now rooted in Europe and it looks like it is probably spreading to Asia." The European economy has been tripped by the same credit crunch that forced the $700 billion bailout plan signed into law by President Bush last week. Over the weekend, Germany … (0 comments)
interest rates: Down Payment Assistance going, going... not Gone
- 08/16/08 07:30 AM
Down Payment Assistance...going, going, not gone yet. Another provision of the legislation eliminates some down payment assistance programs later this year...but they are still available right now, and depending on your circumstances, Take advantage of Down Payment assistance til October 1, 2008 Low Fixed Interest Rate Mortgages (30-year and 15-year fixed) Tax Credits Low prices in the housing market jumbo loan amount qualifying at better rates Call your Real Estate agent and take advantage of these tools to double and triple your benefit as a home buyer in todays real estate buyer's market. Call today to discuss your situation and set … (0 comments)
Sales have picked up for several reasons. One big reason, is the easing of interest rates -;)
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