I'm sure more of you are aware of the big day tomorrow. September 18th is the day we will find out of the Fed's decide to lower the rates...some are predicting a .5% drop, some are saying not at all!
I think if something is not done soon, we are heading toward a recession! Which, I feel if we enter into a recession, we are not looking at a couple of years like in the 80's but I think we're looking at over 5yrs! That will be touch on Americans.
I guess, we should keep out fingers crossed and hope that tomorrow a.m. the Fed's decide to lower the rate and then lower again at the end of the year. It would be nice for this "buyer's market" to be an advantage for people to save their homes and also for people who are still interested in buying a home to make that next step toward homeownership.
When we rebound the one thing to look at is...yes homes prices have gone down in the last year, but with inflation, the cost of putting up a home never depreciates, always appreciates! Why not get into a home before it's too late!
There are still great products out there, and still a true 100% with fixed rates and competitive!
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