TAKE ADVANTAGE OF THE CURRENT HOUSING MARKET!!!

Early this morning, in an unprecedented move, the Federal Reserve cut a key interest rate, the federal funds rate, by three-quarters of a percentage point.  Although this does not directly affect home mortgage rates, it will have an indirect effect on how much banks charge consumers for a home loan.  In essence, the federal funds rate governs overnight lending between banks.  A lower lending rate between banks could result in lower home mortgage rates for consumers like you and I.

So what does this mean for you?  Whether you are a homeowner, a homebuyer or an investor, this is a great time to start thinking about your next real estate move.  Over the last couple of weeks, some places in the Phoenix metro area has seen an increase in the number of sales. 

If you are a homeowner thinking about selling, you should consider looking into the market conditions in your area.  Lower interest rates could mean more buyers for your home!  If you are thinking about buying, interest rates are at historically low levels and it may go even lower with the new interest rate cut.  This means more purchasing power for you!  If you are thinking of investing, some areas of the Greater Phoenix area appear to be near the bottom of its property values.  As an investor, there is never a better time to buy than when interest rates and housing values are low! 

Whether you are thinking of buying or selling, please do not hesitate to email (Jay@KeyToAZHomes.com)  or call me (623-451-0443).  There is never any obligation and I guarantee my performance in writing!