You have probably heard by now that the Federal Reserve lowered mortgage interest rates in Anytown again in an effort to revitalize the economy, including the local Anytown housing market. This is great news if you are looking to buy a home in the Anytown area, or are getting ready to sell a home in Anytown.
The move by the Federal Reserve is intended to make money more available for local Anytown mortgages, and makes it easier for buyers to obtain home mortgage loans in Anytown. Wall Street analysts are playing a part in the action, predicting that this will be the last move by the Federal Reserve Bank to reduce interest rates. This means that now is the time to get serious about buying or selling your home in Anytown, because the opportunity won’t get any better than this. In other words, there isn’t a good reason to wait any longer.
The quarter-point cut lowered the rate at which banks loan money to each other to two percent, a full three percentage points below where it was on September 18th, when they started cutting rates. This is the lowest it has been, and makes for a great buying opportunity for anyone looking at real estate in the Anytown area.
If you have been considering a sale, or are looking to buy real estate in the Anytown area, give me a call at 801.938.3466. I can hep you find the right property, and with mortgage interest rates in Anytown lower than they have been for years, your prospects are looking better than ever to find your dream home.
-Chris Johnson, Real Estate Marketing Agency, 801.938.3466