Understanding the Fed's Actions

Yesterday, the Fed took an unprecedented move in dropping the Fed Funds rate to a range between zero and .25%. We have already started seeing interest rates near or below 5%.

Interest rates have fallen to all-time lows. In the face of the declining economy, the Fed has pulled out all the stops to help you with your mortgage by decreasing their target rate to nearly zero percent.
However, we have also seen that property values continue to be a challenge for many. For some, waiting too long could cost them the chance to move forward if their property fails to appraise. Would you like to discuss what opportunities might be available to you today?
Interest rates have fallen to all-time lows. The Fed pulled out all the stops this week, decreasing the Fed Funds rate to a range between zero and .25%. The impact to mortgage rates has been immediate as many investors have priced loans out at all-time lows.
We have seen in recent weeks that there is talk about the U.S. Treasury working to lower interest rates for purchases to 4.5%. While this would be welcomed, for many buyers the impact to their payment would be insignificant. On a $200,000 purchase, the difference in payment is less than $15 a week.

One other point, the most recent government legislation designed to help the housing market is Hope for Homeowners which, to date, is hopeless. What we know is rates are fantastic and great properties still sell quickly today. Your buyers should move on what they like today.

Please call me, because now is the time to really save on your mortgage rate, and for first time homeowners to buy, or even if you want to move up into a larger home… Please give me a call ASAP

Sincerely,
Bernie Germani
www.calihomeloan4u.com
http://www.weprovidethecash.com/?id=btmllc
www.socalhomesbybernie.com