Real Estate Information Archive

After an unexpected .75 rate drop on Tuesday January 22nd the FED meets next week again (the end of January).  They are expected by Wall Street to cut rates again to help our slowing economy and troubled housing market.  How much will they cut and how will it effect mortgage rates is the question.  The FED's behind the curve now and is trying to make up for it.  Wall Street is betting on another .50 basis points but we will have to wait and see. No matter what happens our housing market and economy still needs interest rates lower.  This will help out borrowers so they can refinance at a lower rate and make it more attractive for buyers to buy a home who have been afraid to put their toes in the water. 

I'd love to here your thoughts on a Huge financial news week coming up that will drive interest rates, the stock market and the housing market.  I can't wait to see what happens!  

For more great market insight and industry news check out my newsletter or my blog.

On Tuesday Ben Bernanke and the Fed cut the Fed Funds Rate and the Discount Rate by .50 basis points causing a huge rally in the stock maket but how does it affect the housing market.  The good news is we needed the 50 basis point cut and thank goodness we got it!  I believe that the FED will cut again in late October.  The FED has never only made one cut so history says we have at least one or two more rate cuts. 

For now it will help create some much needed liquidity and lower interest rates.  We will most likely need more cuts and more help to keep the housing market from conitinuing it's decline.  We still have approximately 8 million adjustable rate mortgages resetting between now and the end of 2008.  So the lending industry, wall street, the fed and the white house have their work cut out for them. 

The next 12 months will be a great opportunity to pick up distressed properties here in Orange County.  There will be great buys in all the major Orange Counties especially the larger ones like Irvine, Mission Viejo and Laguna Niguel.  As a foreclosure specialist I can help guide you through the process.  

If you'd like to read other great real estate articles search my blog for items of interest or view my newsletter.  I'm here to help you with anything real estate related.  Please email me or call me at 888-877-6062.