The Fed Cut their Rate and What Happened?
The mortgage rates drop for one afternoon and then increase slightly everyday since then. That's right, the .25% rate drop controlled by the Fed has not helped the investors overcome other financial news that has continued to cause uncertainity in the housing industry.
If I were you, I would strongly encourage anyone watching rates to lock in and buy that house they have been thinking about. If they do not have to sell a house, the time may never be better to buy than now. Do you believe this? Then sell it!! And if they do have to sell a house first and if they are not having any luck, encourage them to rent the house for a while. All I need is a signed simple lease agreement that shows the rent and we'll help them get in their new home now while the rates and prices are right!
Call me if I can help you with this!
Sam Thompson, PHH Mortgage Advisor - Helping you GROW your business!
www.activerain.com./luckydog1 - SC
www.activerain.com/luckydog2 - NC
http://samthompson.phhmortgage.com/
