Since the passsing of Obama's stimulus package, one of the actions taken was the Fed's move to purchase $1.25 TRILLION in mortgage backed securities. That action was taken to solidify the bond markets, ultimately making sure mortgage interest rates remained stable and low.
The action was successful and, as we know, interest rates have remained very low throughout the year. HOWEVER, THE FED'S PURCHASE PROGRAM IS ENDING!! By March of 2010, the program expires and the 'true' market reaction will hit, almost guaranteeing higher interest rates. In fact, beginning the last couple of weeks, the market is already gearing up for the Fed's phasing out of the program and bond prices have steeply reduced, increasing rates up to 1/2 of a percent so far.
If you are a consumer looking to capitalize on low home prices coupled with low interest rates, NOW IS THE TIME TO ACT! Rates will most likely not come back down for years. Don't miss out on this opportunity!
Monday, December 28, 2009
Tuesday, November 24, 2009
Look Out World..... I'm BLOGGING!
"That's one small step for man, one giant leap for mankind"
Step aside Neil Armstrong, Achilles is now online, voicing wisdom and knowledge, while priming the pumps of energy and ingenuity to keep this engine called 'Real Estate' revved and fine tuned! We're all in this gig together and there's no reason why we can't share tips, tricks as well as the traps to improve our production and keep the momentum going.
What momentum you may ask? There's momentum alright. There's activity in foreclosures and short sales - we all know that, but have you seen the new building taking place? That's encouraging! Bidders are lining up for properties priced below $350,000 and investors are scouring the neighborhoods looking for deals. There's momentum for sure.
Where's your niche? Where do you need help? Have you targeted your market? Have you established a web presence? Do you have a game plan? Do you have or need a partner to help steer the ship? Do you have a farm area picked out? How will you market your farm?
We'll be discussing all of the above and I welcome YOUR input to keep the wheels turning!
Step aside Neil Armstrong, Achilles is now online, voicing wisdom and knowledge, while priming the pumps of energy and ingenuity to keep this engine called 'Real Estate' revved and fine tuned! We're all in this gig together and there's no reason why we can't share tips, tricks as well as the traps to improve our production and keep the momentum going.
What momentum you may ask? There's momentum alright. There's activity in foreclosures and short sales - we all know that, but have you seen the new building taking place? That's encouraging! Bidders are lining up for properties priced below $350,000 and investors are scouring the neighborhoods looking for deals. There's momentum for sure.
Where's your niche? Where do you need help? Have you targeted your market? Have you established a web presence? Do you have a game plan? Do you have or need a partner to help steer the ship? Do you have a farm area picked out? How will you market your farm?
We'll be discussing all of the above and I welcome YOUR input to keep the wheels turning!
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