May 27th 2010 04:03 pm ONE POSITIVE RISES TO THE TOP
We’re seeing lower interest rates! Europe going through their own financial crisis…..16 countries in Europe use the Euro as their currency and right now, as you know, Greece is having a financial meltdown effecting all of Europe’s stability. The USA is benefiting from the lack of confidence in Europe by investors…so I guess we’re the default market for their money. That is what’s helping with our home loans hitting well below 5%. A one percent decrease in interest rates translates to a very substantial amount lowering your monthly mortgage payment.
This is the good news……the bad news……it’s still very difficult to qualify for a loan….…harder than it has ever been…..but, if you can get over that hurdle, it’s a great time to either refinance or perhaps buy that second home at Tahoe that’s always been your dream. You’ll get your dream home at prices we haven’t seen in a decade and you’ll save even more with today’s low interest rates.
Please check out my foreclosure blog for all the new foreclosures, short sales, REO’s in Incline Village, North Lake Tahoe, Truckee, Tahoe City. Although in today’s market, just about all listings are being priced to sell. We’re seeing price reductions everyday. Sellers don’t want to go through another summer without selling their homes. The tone is set for a very vigorous robust market. Now is the time to move on that dream!
Thanks for being here, Linda
Posted by linda / Uncategorized