Is It Possible Home Sales Are About To Climb?

By
Real Estate Agent with Keller Williams Realty

Things are looking up for our economy according to today’s news. With mortgage rates hovering in the 4.25% range, unemployment down, and less foreclosures and bankruptcies, consumers are more likely to borrow. Below are some of the news sources that I tapped into.

The Fed’s uncertainty with bond buying and reducing asset purchases makes for a tough interest rate environment. The rates were flat most of last week until Friday when the rate rose slightly from 4.13 to 4.25 for a 30yr fixed loan. Read more at the Mortgage News Daily site: http://www.mortgagenewsdaily.com/consumer_rates/330213.aspx

Bloomberg reports today that Americans will cure their debt troubles by taking out loans because of a 5yr low in the unemployment rate. In addition the banks will be more inclined to loan due to a cleaning of their own balance sheets. Read more at Bloomberg news: http://www.bloomberg.com/news/2013-11-04/americans-debt-hangover-seen-ending-in-boost-to-growth-economy.html

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Topic:
Mortgage / Finance
Location:
Georgia Chatham County Savannah
Groups:
GEORGIA REAL ESTATE INVESTORS
Daily Housing & Economy Financial Development Reports
Tags:
finance
economy
home sales
mortgage

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Rainmaker
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Kerry L Klun, Broker/Owner
Palm Realty - Melbourne, FL
321-626-5868

Don, Yeah for the good economic news! We are seeing an upswing in the real estate market here on the Space Coast.

Nov 04, 2013 11:53 PM #1
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Rainer
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Don Callahan

One of The 10 Most Dependable Agents in Eastern US
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