Who Cares About Falling Interest Rates?

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Real Estate Agent with RE/MAX Alliance

 

The Fed rate cuts, glut of homes on the market and overall price reductions will certainly jump-start market activity throughout the country, but it still seems to me that more and more people have already been squeezed out of the housing market and it breaks my heart to know that so many people who really want to become homeowners may never get the chance.

Please don't think I'm being negative - the opposite is true.  I became a REALTOR because I am passionate (almost to a fault) about helping people realize the dream of homeownership.  I've done well with my personal real estate investments over the past 20 years and I truly want everyone else to realize the dream and experience the joys and freedoms of homeownership.  The world is full of the "have" & "have nots" and I just don't want to see more people getting left behind because it's simply not affordable.

Anthony Rael - Metro Brokers Northwest Arvada

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Tags:
affordability
firsttime buyers
fed rate cuts
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Rainer
85,841
Rick Tourgee
Robert Paul Properties, Inc. - Provincetown, MA
Provincetown and Cape Cod
I just read a report online stating that even though home prices have declined, prices are still too high for the average wage earner to afford and qualify.
Jan 31, 2008 05:50 AM #1
Rainer
62,295
Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
(562)743-6086
Right, they're saying that interest rates aren't tied to the federal reserve rates, so mortgage rates won't benefit.  Mortgage interest rates are actually about the same, or even higher than they were before those big rate cuts.
Jan 31, 2008 06:00 AM #2
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Rainer
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Anthony Rael

RE/MAX Alliance
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