On Tuesday, September 18th 2007 the Federal Reserve cut the short term interest rate by 0.5 percent. The new 4.75 percent interest rate is an attempt to help the diminishing housing market.
Many home owners are in financial situations where they can not afford their mortgage. The lower interest rate will help home owners who have adjustable rate mortgages, (ARMs). The rate cut will lower home owners monthly mortgage payments, thus allowing them to afford their mortgage.
The interest rate cut will also help people who want to sell their house. Just a 0.5 percent cut in the interest rate will allow more people to afford a new house. With more home buyers on the market looking for a new house, the housing inventory should shrink. A shrinking housing inventory means stable and steady house prices.
There are so many reasons why people need to sell their house and sell it fast; couples going through a divorce, home owners needing to stop foreclosure, real estate investors who want to sell their investment property, home owners who are moving out of state, home owners who are going through a bankruptcy, etc.
If you are in any of the following situations I would suggest selling your house fast to a professional home buyer.
I need to sell my house fast, my house has been on the market for so long and we can no longer afford our mortgage, I need to sell my house quick to avoid foreclosure, we need to sell our house so we can move closer to our family, I need to sell my house because I am going through a divorce, I need to sell my inherited property, and the list goes on.
If you need to sell your house fast complete our very short seller form and a local home buyer will be in contact with you shortly.