Economic Stimulus Plan buy-down mortgage rates to 4.5% or less for a 30-year fixed rate Ocean County NJ

As I am sure you are aware, the Senate will be voting on the Economic Stimulus Plan very shortly. Our Government Affairs staff in Washington D.C. has just informed us that a Senate vote on the Economic Stimulus Plan could occur as early as tomorrow, February 6. We have also been advised that special Amendment #353 to the Plan, a provision for the Federal Government to buy-down mortgage rates to 4.5% or less for a 30-year fixed rate loan for the purchase of a primary residence, will be voted on as early as TODAY. It is therefore incumbent on everyone in the nation to voice their support of Amendment #353. Without question, a 4.5% or lower, 30-year fixed rate mortgage would help stimulate housing sales and would also open the door to hundreds of thousands of new potential buyers by greatly improving housing affordability.

The time to act is now. Click here to find the contact information for your U.S. Senators listed by state with their Washington D.C. office contact information. I urge you to pick up the phone and call them right now and voice your support of Amendment #353. When you call, you should reference that you are calling in strong support of Senator Ensign's Amendment #353 to the Economic Stimulus Plan, provide your name and company information (including location), the number of sales associates and offices you have, and the number of real estate transactions your company participated in last year. You should also state why you think a mortgage buy-down to 4.5% or less will help stimulate housing sales in your community and the impact that will have on the local economy. If you get voicemail, that's fine — just leave a message with all that information included.

It is not often that we get to influence legislation that will have such a direct and profound impact on our business. Again, I urge you to call right now and voice your support of the mortgage buy-down Amendment #353.

Charlene Grant, Realtor Associate

Century 21 Pacesetter Realty Inc.

Cell 609-312-6625

www.ShopJerseyShoreHomes.com