Low interest rates are here to stay just prior the pandemic. Fed is showing long term commitment to hold rates for a while during this pandemic. To keep the market from tragedy this is a vital decision to make this major decision for America. Despite home prices may rise, the Fed has decided to make this fantastic suggestion to save the economy. The housing builders are watching the market as well not to inflate home prices. As we know the rates and home prices balance out the market. Serious buyers and sellers are taking advantage of this housing season.
I call it a buyers and sellers market! It pays to take advantage with good credit and money saved to make a transaction. Even so for investors to buy rental properties. This is the eight time this years rates have dropped. Even a 15 year mortgage rate shows 2.44 from 2.51 last week! Yes it is time to make major decisions that will affect your financial status for a positive and cash flow. The economy is predicted to remain in this state or better for 12-18 months. With the unemployment and job layoffs results in talk has out there short sales and foreclosures are on the horizon and inevitable. This economic recovery will take much needed time especially within this election year. Congress has no idea how long this will stay in effect, oil prices have plunged, wall street stocks have plunged and the unknown remains for a full recovery.
The trend shows every 20-25 years America goes into a recession. Congress is in full mode of an economic recovery program from interest rates and unemployment as it continue to rise rapidly. This economy is at a serious state of making major decisions to benefit our country and to include world economics. Feel free to contact me at 407 479-8583, Facebook Kevin Sells Florida and Kevin Selling Florida. Stay tuned for more.