WOW!!! Interest Rates Down Again!!! Fed Surprises with Deepest Cut since 1984

NOW THAT IT IS A BUYERS MARKET AND A INTEREST DROP LIKE THIS IT SHOULD BE A FEEDING FRENZY FOR THE BUYERS.

RATES BELOW 6%* OR THERE ABOUT DEPENDING ON YOUR CREDIT, TERMS ETC

SEE YOUR PERSONAL LOAN OFFICER OR CALL LISA WARREN WITH PREMIER NATIONAL LENDING AT 817-578-1329 FOR MORE INFORMATION.

BUYERS CAN REALLY GET A GREAT DEAL ON A HOME AND A WONDERFUL LOAN. WE EXPECT THE COST OF HOUSING IN OUR LOCAL MARKET ON AVERAGE TO GO UP AND WITH THAT INTEREST RATES TO GO UP ALSO BEFORE THE END OF THE YEAR.

NOW IS THE BEST TIME AS FAR AS WE ARE CONCERNED TO BY A HOME. SELLERS HAVE NEVER BEEN THIS MOTIVATED EITHER SINCE 1984 IT IS A GREAT TIME TO BUY A HOME OR SELL A HOME FOR THAT MATTER MORE BUYERS WILL BE LOOKING THAN BEFORE ALSO SO THAT MEANS LESS TIME ON THE MARKET.

Fed Surprises with Deepest Cut since 1984The Federal Reserve surprised everyone Tuesday with an emergency intersession rate cut of .75%, the deepest cut in the Fed Funds Rate since 1984.
The Fed Governors are acting in direct response to recent reports that the country is on the brink of recession. If you have credit cards, auto loans, HELOCs, or an Adjustable Rate Mortgage, the Fed's decision to cut this key interest rate is great news.
For long-term mortgage rates however, this could signal the beginning of the end for the lowest 30-year home loan rate borrowers have experienced since 2005.
Let's look at the impact of a few recent Fed Funds Rate cuts and the corresponding impact to home loan rates to see what this could mean for you:
Period Fed Funds Rate Cut Impact to Home Loan RatesJanuary to June 2001 Down 2.25% Rose 0.10%October to December 2001 Down 0.75% Rose 0.45%May to August 2003 Down 0.25% Rose 0.78%Rates are predicted to be cut again when the Federal Reserve meets at the end of this month.
Many believe Tuesday's action was taken because of a dramatic downturn in the stock market, where the Dow dropped 464 points, the worst single day drop since September 11, 2001.
Since the Fed's announcement, the Dow has recovered much of those losses but volatility is likely to remain a consistent theme throughout the week.
If you are waiting for long-term mortgage rates to fall further from here, don't count on it. Your best chance to lock in the lowest mortgage rates since 2005 is now. Getting your application in process will allow you to capture a rate near all time lows and, with many experts predicting home values could continue to decline, waiting could kill your chance to capture a great rate if your home doesn't appraise.
This is an unprecedented market and things are moving fast.
Be pro-active, give me a call to get you in new home, this is the time!!Do not wait until it is too late!!
Joana Sweney 817-501-7309 joanasweney@gmail.com


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Just a little note from Texas Sold Team Realty, LLC - Keller Real Estate Market:
Active listings, the average days on the market is 103 days, for properties 2500 sqft and $106 per sqft.
Sold properties, the average days on market was 88 days, average of 2400 sqft and $107 per sqft.