Focus on Mortgage Rates

Welcome to this week’s Real Estate Glimpse. With the interest rates lowered, it continues to be a great time to buy as well as sell. Yes, your home will sell for less than it would have a few years back but, just think of how much more you can afford in this market. Take a look at this Inman News article: Mortgage rates down, applications up.

Holiday Magic Touches the Housing Market. “Could this shining star be a sign of something even more significant than an increase in home buying? Perhaps that ever present cloud of reluctance and unwillingness to invest is dissipating?” Click on this article and then select “Read Full Story…”

The Fed rate cut will encourage more that lower mortgage rates According to USA Today:
What Fed rate cut to zero to 0.25% means for consumers

And for those of you who watched 60 Minutes last Sunday this article may clarify some of the points explored: 60 Minutes of Gloom and Doom "The Option Arm"