Thursday, December 18, 2008

Rates are falling! Rates are falling!

Are 4.5% interest rates a possibility? And what does that mean to you?

Lower rates may finally get buyers off the fence to buy your house or, with unemployment on the rise, may just stimulate the refi market. Either way, someone benefits. We can only hope it gets things moving a long again.

I've long felt that the bubble bust in the midwest - our market - has been the result of national media crying, "The sky is falling!" and creating a self-fulfilling prophecy - hysterical, knee-jerk reactions. Unfortunately, people take to bad news more than the good. So, crying, "The market is rebounding!" just won't have the same impact.

If only people would just realize that we aren't in California, Florida or Arizona!

JSOnline Article about interest rate impact >

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