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Here's a recently published article(Fortune) describing how lowering interest rates may continue. It explains how the positive effect on mortgage rates could spark market activity and with a potential benefit to buyers and homeowners this might be good news indeed.
If this news post helps us gain better understanding and insight into an issue that has a direct effect on our industry, it’s not only good news but news we can use. Trying to keep up with the ever changing scenery is one way to help our clients make informed choices.
Good News Is Worth Sharing!
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Good article, and the rates do seem to be falling again. Hopefully some of the fence sitters will decide to lock in at these low rates. Around Baltimore they have a lot of inventory to choose from and very accomadating sellers. Have a nice holiday and thatks for posting the article.
Your welcome Maggie - I think the plan is amed to help some of those on the fence -as well as exisiting homeowners that might realize a savings through refinancing for a lower rate - good information may put some confidence in the step. Happy Thanksgiving to you!
Hi Teresa, I agree too that lowering of interest rates can get people to appreciate a lowered payment and may decide to buy rather than wait. Sometimes "rising" rates do the same thing from a fear perspective.
Gary that's a very good point - more pleasant when the element of fear isn't the driving force behind a decision but it has been known to create a sense of urgency.
Hi Teresa, I hope that lower interest rates will help spur the market. That remains to be seen! I hope that you are well!
Teresa, we can only hope that a significant rate drop will spur on activity in our industry. We need all the help we can get!
I sure hope this rate drop will help our scared buyers before Christmas.
Sandy - echoing your sentiments, ever looking at the positive - i'll stop over to say hello in a bit :)
Craig - activity is good! and that's the truth!
Lizette - agreed! there's really there's not much better than to be a buyer these days
Thanks for sharing the article. It certainly is "news we can use." As interest rates decline we may find buyers moving forward and make a decision to buy.
Hi Teresa, Good article, thanks for caring and sharing.
Jon -declining interest rates are a great reason to buy especially with so many things in the buyers corner these days
Jacqueline - hey girlfriend it's sooooo good to see you. thanks for stopping by!
Mortgage rates are having a definite impact on my market... and, of course, I'm enjoying it.