Feds cut the interest rates!!!

By
Real Estate Agent with Hayes Realty
The rates are becoming the best in recent history!  This is good news to us Realtors who are trying to get buyers to make  a move!  With home prices down ,as well as interest rates, what are we waiting for?  We need to create the urgency to get buyers up and ready to take action.  I just e-mailed 30 plus buyers the great news!  With the market the way it is, I could think of nothing better than home ownership.
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Location:
Ohio Stark County Canton Canton City
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interest rates
canton ohio

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Rainer
18,974
Richard Thewissen
ERA Realty Pros
I'm not too sure if what the Federal Reserve has done will really result in the reversal in current market trends. More assistance in helping people with high interest rates on their existing mortgage is needed. the morgage companies should mitigate their losses by working with them.
September 18, 2007 09:15 PM
Rainer
25,681
Team Gagliardi Daytona Beach Real Estate
Gaffs Realty Co.

No one can "time the market". Now is a great time to buy. The rates are still low and the inventory is high.There is a HUGE selection of homes on the market . If you have the money and want to own a home now then start shopping!!

September 18, 2007 09:17 PM
Rainer
26,163
Andrew Scherer

That is very true that homeownership is a great thing to have, but only if someone can actually afford it.  I definitely think the Fed Funds rate cut is a step in the right direction, but there needs to be a little more involved to revive the market.  Click Here for the blog that I just posted asking for ideas on what else can be done to bring the market back.  Thanks for the great post!

September 18, 2007 09:18 PM
Rainer
5,722
Mark Seibert
Hayes Realty
Thanks for your responses!  I hope the trend continues to move people to home ownership..and I agree with you Andrew & hope banks get more involved.
September 18, 2007 09:24 PM
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Mark Seibert

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