Mortgage rates at a new low?

As if mortgage rates could go any lower, they have! They fell to new lows this past week, partly due to the Federal Reserves buying bonds to spur economic growth in the country. Sometimes I ask myself if this is a good thing. For a buyer, yes, it is a great thing because if they are able to obtain the financing and find a home that they love, they are good to go. But for sellers and the economy as whole, these drastic changes in rates just go to show what bad shape the economy truly is in.

However, I always like to look on the bright side of things. As a realtor, I can try to find these buyers or investors who are looking for the best deals. Other professions are seeing job losses and pay cuts, but being in real estate I have the opportunity to take advantage of this. As realtors, we can all go out and find people who are just dying to find a great home in this economy. So get out there!