Have you heard the good news? At last, we are showing some positive momentum in this market with interest rates being slashed to record lows. This good news showed two immediate results. The first relates to Wall Street. As news of the Feds slashing interest rates to unexpected lows hit Wall Street, stocks roared higher to near the 9,000 mark once again. This news even overshadowed gloomy earnings reports and expected next quarter earnings reports from large companies. Another sign that points to how closely real estate and the overall economy are tied.
Secondly, the slashing of the interest rates to historic lows is giving a much needed boost to the mortgage and real estate industry by encouraging refinancing and home purchases. With rates this low, coupled with lower property values, home ownership has become more attainable to many Americans and makes investing in real estate a possibility again.
See how Castle Rock Realty, LLC can help you in these changing economic times. Call Mark at Castle Rock Realty, LLC today at (303) 868-0352 or email mark@gocastlerockrealty.com
No comments:
Post a Comment