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Jenny Copeland's Blog

By Jenny Copeland | Agent in 28304

Will Interest Rates Going Down Help The Real Estate Market

Rates went down to around 5.5% will it help to stinmulate the housing market? Buyers please comment on what conditions will help you go ahead and buy a home.
Jenny Copeland, Litchfield Realty http://www.jennycopeland.net

Comments

By Luke,  Wed Sep 10 2008, 08:58
I personally think it will only prolong the crash. Some people that were sitting on the sidelines may end up pulling the trigger because of the decline in interest rates. I will wait until the fundamentals of RE make sense again.
By Dave Kaemmerling,  Wed Sep 10 2008, 09:11
Rates have just came down almost a percent since the recent news about Fannie Mae and Freddie Mac!! If you are uncertain if you can take advantage of these rates, try calling (831) 688-3088. There are a lot of gov't loan products availible. Talk with a real estate professional. There is ample inventory and the reduction of interest rates is necessary to open the doors to get buyers prequalified. Have a great week!

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