Rates Dropping Like Flies
Posted by Ashley Derrick on 03/23/09 in Information
Just a quick update in case you have not been paying attention to all the banking news out there. Interest rates are dropping (and I suspect will continue to drop - perhaps surpassing the lowest rates in history after WWII. )
Take a quick read here and let me know if you have any questions or need help finding a local loan officer.
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Richard Stabile Bergen County Real Estate | Mar 25, 2009 | Reply
In many parts of the country the market volume has picked up. In Florida which is one of the hardest hit, volume is now up for 5 months in some areas. The same goes for Southern California, Nevada and many other areas. Bergen County has not been hit as hard as these areas and did not go up as much as they did. Bergen was lucky not to be that speculative of an area. The bottom has been forming in my opinion, although it is taking time, there is a lot of money coming back into the market from the federal government in many forms. It will really start to be felt in the next month or so.
Rick Arvielo | Apr 10, 2009 | Reply
Markets have picked up.