Thursday, March 5, 2009

Rate report/Sales idea!

Freddie Mac's weekly report notes that 30-year mortgages bumped up a bit this week, from 5.07% to 5.15% this week. A negative? Not if you think about rates a year ago, when they were averaging 6.03%! So again, rates remain low so go buy today!

Another thought on the Stimulus plan (specifically my ranting about the $8000 tax credit for 1st time home buyers ONLY). I know it's not what we want, I know that it really isn't very helpful. HOWEVER, I have to think about all those young buyers out there. THAT is the big target-Gen X or Gen Y buyers that are renting. If you can find some of them, you can create some sales! Go hunting! Look in Starbucks or something :)

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