Monday Morning Real Estate Update 3/24/08
Good Monday Morning!
Happy Spring Break!
The Fed continues with their efforts to improve the national economy. The latest round of short term interest rate reductions have not had a radical impact on mortgage interest rates, but they certainly turned the upswing in rates to a downswing in rates. Look for more action from the Feds over the next few weeks as they desperately look for answers to the poor national housing market.
With rates dropping, it might be a good time to take advantage and start looking for a house or if you have been holding off on selling your home, this might be the bubble to take advantage of. The current time period through mid Summer could be the best housing market we see this year.
Have An Awesome Week!
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand