Wallstreet, Rates, Recession- The Prophecy is Nearly Complete
I’d have written something sooner on this, but at 8:30 am, I was already on the phone with buyers.
My response has been, we’re not locking in anything until we must, and even then, we may wait.
After an insanely busy homebuyer’s market beginning 1st quarter ’08, I say to the markets, the Fed, Wall Street, The President & Congress - hurry up and find the bottom- the housing market doesn’t have all day.
Start spreading the news...
This article published on Tuesday, January 22nd, 2008 at 11:38 am | Contact the editor
Topics: Economy, Real Estate
About this Columnist (Full Profile)
AGBeat Founder, Director: I’ve dedicated the past two decades to consumerism in and out of the real estate space. I help focus corporations on consumerism, consumer needs and trends, and what consumers find valuable. I hope you enjoy AG, and that you will reach out if I can help your company or association communicate it’s value.
Email Benn Rosales
The Daily Hot Sheet
The AGBeat Daily is jam packed with today's news headlines, fresh and neat in your inbox- start the day ahead of the curve.
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
Ben, I have to respectfully disagree.
Historically mortgage rates have risen soon after the last cut by the Fed. So, if you feel that the Fed is done cutting, then locking now is the best bet. If you feel they will cut one more time next week, then locking next Wednesday right before the last cut is the best bet. Either way mortgage rates, in my humble opinion are right at their lows.