How Low will it go??????

By
Mortgage and Lending with Lynn Meldrum with Verico Canada First Mortgage

How low will the interest rates go before they start to eek up?  That's the million dollar question for everyone in the Mortgage and Financial feild.  If I only had a crystal ball!  However in good news, Resale in homes has risen for the first time since Sept 2008.  Always some thing to look forward to.  Check out my Crystal Ball is your new home shown. 

 

Check out this article from the financial post

Resales rise for the first time since September 2008

 www.financialpost.com/scripts/story.html?id=1398565

This is just great news for all of us affected by the realestate business. 

 

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Rainmaker
532,794
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

Well something must have happened this week.  All of a sudden out of the blue the phone has started ringing again and people are looking to buy and to finance.  Thank goodness, I have been living on my retirement fund for the past 6 months, lol.

Mar 29, 2009 11:53 AM #1
Rainmaker
3,365,795
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lynn, the real question is: when will consumer confidence really return?

Mar 29, 2009 06:58 PM #2
Rainer
494,722
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

Lynn,

I love the crystal ball for your blog, matter of the downpayment of 3.5% or more. have a great and successful week

Mar 30, 2009 02:19 AM #3
Rainmaker
1,230,687
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Lynn--love your crystal ball.  Good luck with turn around in mtg field.  Agents in Erie, PA are getting busier.  Mary

Mar 30, 2009 07:48 AM #4
Rainer
17,498
Lynn Meldrum
Lynn Meldrum with Verico Canada First Mortgage - Calgary, AB

Hey Rob   i'm glad to hear the phone is ringing.

Hi Endre - I hope with all of the changes that consumer confidence does return. 

 

Thanks Lynn and Mary the Ball was just on the net.   I couldn't figure out how to my house inside the bal.

Mar 30, 2009 08:19 AM #5
Rainmaker
554,008
Barb Szabo, CRS
RE/MAX Trinity Brecksville Ohio - Cleveland, OH
E-pro Realtor, Cleveland Ohio Homes

Lynn, My phone is ringing too and I have had a few contracts in the past weeks. Love the crystal ball picture!

Mar 30, 2009 12:25 PM #6
Rainer
205,587
Sylvie Conde
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate

I was looking at my 2.5% variable rate today, wondering how much longer I will enjoy it for.
Hopefully, at least, please, please, another year??? :)

Apr 02, 2009 11:03 AM #7
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Rainer
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Lynn Meldrum

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