Do Low Interest Rates = More Buyers?

I was wondering if ya'll have seen a surge in buyers related to the historically low interest rates?

Freddie Mac announced today that mortgage rates fell to 4.96% this week - the lowest level since it began surveying lenders in 1971. Rates have been falling now for 11 straight weeks when the Treasury announced that the government would buy up to $500 billion of mortgage-backed securities backed by Fannie Mae and Freddie Mac.

The lower interest rates have triggered a flurry of refinancing activity as homeowners with good credit and equity in their homes rush to lock in. Home purchase mortgages have also increased.

Rates were 5.21% in June of 2003. Did you ever think they would go below that? We're near 50-year-low interest rates. How much lower do you think they can get?

If I were you, I would be locking in these once in a lifetime rates on all your rental properties. If you don't have any rental properties you should seriously look into buying some great foreclosures now, while prices are so low. With all those homeowners losing their homes, they are turning to the rental market and you have a ready stream of clients to keep your rentals full.

We are in the process of negotiating short sales & purchasing them in the Charlotte, NC area. If a realtor brings us a potential deal we will then use that realtor as our buyer's agent to sweeten the deal for them. Buying these properties to resell or hold as rentals is turning out to be a great business to be in...