Diana's Neighborhood

Real Estate in New York & Connecticut – Won't you be my neighbor?

Obama Promises More Low Cost Mortgages

I received some positive news today via e-mail.  An article written in “Daily Real Estate News” through Realtor.org

obama

Obama Promises More Low-Cost Mortgages…

President Barack Obama promised Saturday to reduce mortgage costs as a key part of his plan to improve the economy.

Analysts applauded the move, saying that making low-cost mortgages widely available could stabilize housing markets and jump start new home construction.

Beyond that, observers say aid for the troubled housing market will help blunt the anger many Americans feel over the financial bailout as the executives of firms that received billions take bonuses while average people lose their homes.

Source: Reuters News, Mark Felsenthal (01/31/2009)

Any positive news makes me happy for both my buyers and sellers.  My buyerswill be able to possibly take advantage of these historically low interest rates and sellers may see more activity and possibly a SOLD sign in front of their home!

keys-neoliminal                                                                              neoliminal – Flickr.com

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February 2, 2009 - Posted by | Buyers, Economy, Mortgage, President Obama, Sellers, Uncategorized | , , , , , , , , ,

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