Comments on the Home Interest Rates

By
Real Estate Agent with Keller Williams Realty of Brevard

Today's Announcement (9.18.07) about the decrease in the interest rates is huge to the real estate industry.  This is helpful to most buyers that are in the debt ratio too high/moderate income level, who were getting turned down for loans. With the adjustment of the housing prices in the latter part of 2006, and most of 2007; and this announcement today; Homeownership is possible again for the "middle" income Americans. It could also mean relief for those who fell victim to predatory lending, or high refinancing rates- and those that are in danger of Foreclosure. Many options are available for each of these situations- As a Realtor® in Brevard County, I am available to consult with you to help you with your questions.

This interest rate adjustment is helpful; but, as Floridians, we need to also lobby for the correction in the Home Insurance rates.  Call me for more information on this, I have found some very easy ways to reduce your home insurance-and it works everytime. (no catches, no sign up fees, no nothing: just some good advice) Call me today to set up a consultation. (321-243-4519)

Watch for the messages in-between the lines in this announcement. This puts America in a "recession".  A little history lesson, "recession" means other prices may go up on other things. (ie; Gas, Milk, fruit: things that affect the farming and transportation industries)  Keep writing your State and Local Representatives,  and make a difference! Your voice does make a difference! 

If you have any questions about what this means to you and your real estate plans in Brevard County, Florida, please call me. I would be happy to consult with you to help you achieve your goals. I am a short sale specialist. I have helped homeowners, investors, and commercial business owners achieve their goals through my successful marketing and diligence to achieve success. Call me today, Josephine Carpenter, 321-243-4519, or visit my website http://www.abrevardrealtor.com to find out more about my services.

 

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Rainer
3,359
Luis Ponce
NewKey Home Lending - Los Angeles, CA

First of all it's not 1/2% it’s called 50 bases points which in term only equals to 1/4 of a %. So it won’t make much of a difference in the market especially for the so call middle class if there is still one. And for those that fell victim to predatory lending, or high refinancing rates- and those that are in danger of Foreclosure chances are that they won’t be able to qualify for a new loan base on the new guidelines that lenders have. Sorry to burst your bubble.

Sep 26, 2007 09:23 PM #1
Rainer
7,211
Josephine Carpenter
Keller Williams Realty of Brevard - Melbourne, FL
P.A.
You'd be surprised what the persistant professional can achieve.  And you're right, whether you call it 50 bases points or 1/2% or 1/4% it really doesnt matter in the scheme of things- your not bursting my bubble, you are proving my point; that not enough people are educated about their options. Thank you for your comment!
Sep 26, 2007 09:31 PM #2
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Rainer
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Josephine Carpenter

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