This evening when you are listening to your local news or looking at Internet news sites and see that the fed slashed rates on mortgages, please take note that this only impacts short-term rates. Long-term mortgages are not effected by this decision.
During the holiday season, I frequently hear seller’s saying the holiday season is the worst time for selling. While the pool of buyers might be slim, there are still buyers out there. Consider these positives of keeping your home listed during the holidays:
- Your home isn’t going to sell if it’s not even listed. By leaving it on the market, you are likely to attract the motivated buyers who tend to house hunt during the holidays.
- If others are taking their home off the market…which causes a reduction in inventor, and you leave yours on, there is a greater opportunity of a buyer viewing and purchasing your home.
- When tastefully decorated for the holidays, a home is extra inviting. During this time of year, buyers will be able to envision their own family celebrating in the cozy environs of your home.
Rates for Mortgages have dropped substantially in direct response to our governments actions in the past week!
30 year mortgages have taken a significant cut after the FED and the Treasury Dept. moved to free up credit for buyers. As a direct result of these actions mortgage applications soared nationally!