Surprises always impact the markets in an interesting manner. Everyone anticipated the Fed cutting the funds rate, but the surprise occurred with the aggressive nature of their actions and their extremely proactive language. When the sentence includes using all available tools to promote a resumption of growth, markets respond, Positively.
We now find ourselves in the midst of a refinance boom, with a home purchase boom on the horizon. Make no mistake - the Fed wants to stimulate the lagging housing market. That's the main focus. The refinance crowd gets to ride the low interest rate coattails.
This topic is discussed in much greater detail in my outside blog; http://gmatson.wordpress.com
Great news for the housing market. Let's hope it's just the beginning.
It's amazing how quickly the lending landscape can change. Market fluctuations that used to take months to unfold occur in today's market in a matter of hours, even minutes. That volatility provides a rather shaky foundation. So it's always encouraging to uncover programs that really provide a benefit to our clients.
If you could provide your client with an option for 100% financing, would it receive a favorable response? How about no required closing costs or no required down payment? Favorable response would be an understatement. You can learn more about this program on my outside blog - just click HERE - or on my website - just click HERE.
In a nutshell, it's a fantastic program for families with children. The income limits increase based on the amount of people living in the home. You will also be surprised with the number of properties that are eligible for this program.
Give it a look. I hope it is something that will provide a real boost to your business and marketing.
In an effort to transition into the holiday season, I posted a pair of amazing videos on my outside blog that feature some incredible computerized Christmas lights - set to music. I stumbled upon these videos thanks to my two middle school kids.
After spending the last few weeks concentrating on all things real estate and mortgage, I wanted to share something more holiday related. It's a great diversion for a few minutes. You can access the videos by clicking HERE.
Merry Christmas! I hope the month of December is filled with blessings for all of you in the Active Rain community.
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