LOWER RATES AND THE AFFECT THEY'LL HAVE ON MY MARKET

By
Services for Real Estate Pros with Pacific Servicing
ARE RATES REALLY COMING DOWN JUST DUE TO THE FACT THAT THE FEDS NOW TOOK OVER. I SAW 30 YEAR FIXED LOANS AT 5.5%. UNHEARD OF! THE MARKET IS SOFT, RATES ARE GREAT, AND OUR AREA IS FINALLY SEEING 5-6 OFFERS PER HOME AS HOMES ARE 50-60% BELOW WHAT THEY WERE 3 YEARS AGO. COULD WE BE NEARING THE END? I THINK WE WILL SEE AN INCREASED AMOUNT OF BUYING, AND WITH RATES THIS LOW MORE BUYERS WILL SEE THE POSITIVES OF OWNING A HOME, WHILE BEING ABLE TO GET A GREAT RATE ON A 30 YEAR FIXED (5.5%) ANY THOUGHTS??

RYAN CASE
CO FOUNDER
HTTP://WWW.BEATYOUTHERE.COM
RYAN@BEATYOUTHERE.COM
Posted by

 

 

Ryan Case - Partner

Pacific Servicing, LLC

Ryan@PacificServicing.com

(800) 313-9050 - Office

(951) 760-3170 - Mobile

(951) 501-2926 - Fax

ps

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
California
Groups:
Active Rain Newbies
Mortgages
Investors
Almost Anything Goes
Foreclosures, and the future of our market.
Tags:
beatyouthere rates local market economy

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
296,390
Tim and Pam Cash
Crye-Leike (Sango) - Clarksville, TN
Real Estate Professionals - Clarksville TN

Ryan, the ALL CAPS is really tough to read.  I don't believe the initial reduction in rates has had an impact.  I am in hopes they will continue to come down. 

Sep 14, 2008 07:03 AM #1
Rainer
16,450
Rick Glogowski
Keller Williams Buffalo Northtowns - Buffalo, NY
Committed to Your Real Estate Needs

I have received calls from clients on the fence since the drop of rates. So I think it will help us in this market.

Sep 14, 2008 09:03 AM #2
Anonymous
MARK TRENT

Ryan, I think your way off. You have no idea how poor of a situation our market is in. In 34 yrs as a RE Broker, my associates and I have never seen it even close to this bad. We are all speculating as to when the market will improve, and although IE went up 65% in Sept, in the end its all a guessing game. We are brainwashed by the NAR to keep a positive outlook and share the same with our clients, but frankly, its going to get much worse, Bloomberg recently announced that their will be the lowest drop in housing prices in the 1st Q of 2009. Also Ryan, remember, interest rates  are a decent indicator as to the health of our economy. As our situation declines, so do rates. Mark

Oct 20, 2008 09:08 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
30,892

Ryan Case

Ask me a question
*
*
*
*
Spam prevention