Awaiting the Fed
Posted on | December 16, 2008 | No Comments
Once again we await the Feds announcement that the interest rate will be cut to one of the lowest rates in our nations history. It won’t initially affect rates but we all hope it will get the banks lending to businesses so people can get back to work; a key in getting the economy rolling once again.
Will this impact getting the housing market going again? No one seems to really know. However, if you were to ask me and most of the other people I know in mortgages and real estate, they will tell you that right now what people don’t have is money to put down. Grants from THDA is it right now for those looking for a grant or program to help with down payment money. Until more is available, there is a segment of the population that will just have to wait. Those that do not qualify THDA and have no other option for down payment assistance. We hope at some point, this changes in 2009.
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