The Texas real estate market is offering some of the best prices and interest rates in years. The opportunities for new home buyers are excellent. Mortgage refinancing has seen a recent boom as home owners scrabble to secure lower monthly payments. It’s a snapshot in time that would suggest a strong market headed in a positive direction. However, the nation-wide realities are producing a much different picture. The government is actively pursuing another bailout to help stimulate the economy and the real estate market. Good idea? The opinions against the bailout option are in the minority, but quite vocal and are gaining strength. It’s an argument of saving and producing vs. borrowing and consuming. The opposition is basically saying the government created our current economic crisis and is only making it worse with their proposals.
It is a very interesting debate and one that may change the current real estate market landscape in ways unseen in years. Will the value of the United States dollar plunge? If so, will interest rates skyrocket? At what point will the government decide borrowing and spending will need to decrease? Are we on the verge of massive inflation?
Those who predicted the current economic and real estate problems are basically the same individuals who are so adamantly against the current bailout proposals. If their track record for predicting what may happen continues to be accurate, the real estate market will continue its struggles for months, if not years to come.
Timing is everything and today’s snapshot in time presents some excellent real estate opportunities. The advice from Alamo Premier Mortgage Group is don’t wait – take advantage of the current market and don’t gamble that rates will continue dropping. We are already at historic lows.
Additional Refinance and Home Purchase information is available HERE.
Be prepared and do not let the excellent opportunities today slither away.
Greg Matson – Vice President
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