FED FUNDS DECISION CLARIFIES LADERA RANCH MORTGAGE INTEREST RATES

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FED FUNDS DECISION CLARIFIES LADERA RANCH
MORTGAGE INTEREST RATES
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• The Federal Reserve Boards announcement
  regarding the federal funds rate was given major
  importance by the media recently, in spite of the
  fact that its only one piece of the nations
  financial conundrum. 

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• The low monthly payments that were a result have
  been enjoyed by numerous homeowners in Ladera
  Ranch for a number of years now. As a result,
  sellers in Ladera Ranch also reaped the benefits
  of those low rates because they made their homes
  more inexpensive by comparison.

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• Even the real-time data that was streaming at the
  same time, like how the stock market was up, oil
  down, China remaining large and mystifying, and
  even optimistic statements about how higher
  interest rates wouldnt really hurt the economy,
  couldnt quell some peoples fears about a rate
  hike, and especially about how much it would
  affect the nations real estate markets.

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• The spokespersons for the Federal Reserve said
  that, since housing had been improving somewhat
  and the economy and been expanding at a
  reasonable pace, they would simply continue to
  monitor global financial conditions rather than
  raising the interest rate.

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• There was no immediate reaction from the stock
  markets, but a mixed closing followed later in
  the day. And, mortgage rates actually dropped a
  bit the following day.

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• This announcement gave Orange County consumers
  and would-be homeowners good reason to think that
  the local mortgage interest rates could remain
  low at least for some time to come. In fact, they
  usually do when the Fed rate stays pretty close
  to zero. 

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• But for now, in case youve been thinking about
  taking advantage of the current low mortgage
  interest rates and buying or selling in Ladera
  Ranch, call me. I can help you with either one
  while the buying climate is hot and mortgage
  interest rates are not.

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Amy Sims, REALTORPhone 949-559-5959 Email
amysimsteam_at_gmail.comAddress 28051 Greenfield
Drive, Suite A, Laguna Niguel, CA
www.amysims.com