If Bob canâ€™t sell your home, he will buy it for cash. Guaranteed.* 1-800-879-3955

Jan

Interest rates are artificially low and poised to rise!

Real Estate

Posted by Bob Lucido

The Obama administration has announced they will stop buying mortgage backed securities on March 31, 2010. Coupled with unprecedented government spending and higher oil and gold prices, this move by the President has laid the seeds for a surge in inflation and higher mortgage rates.

I was selling real estate in 1980 and 1981 when massive spending by the Carter administration fueled record inflation a few years later which resulted in a 21% prime rate!

Never before have prices and rates been at historical lows like this. On top of this, Obama is still offering a tax rebate if you buy before April 30th, 2010.

This may be your last chance for many years to own real estate this affordable. The professionals at The Bob Lucido Team are ready to assist you and answer any questions you might have about this unique opportunity to buy real estate so affordably.

Comments

It would be wonderful if HUD/FHA were doing the same to ensure homeownership in this limited window of opportunity as opposed to making it more difficult to purhcase using FHA loans AND more difficult for builders/developers to get qualified candidates to purchase - and not because of low credit scores, but cash to close. Maybe government should communicate internally........

Posted by : L.A. Rose - Monday, February 01, 2010

I'm a first time home buyer and feel the urge to buy my dream home by the April 30th 2010 deadline for 2 major reasons, the $8000 tax credit AND the fantastically low interest rates. My agent is local and knows exactly what I'm looking for and we are getting really close. People who are sitting on the fence need to get off and take action before its too late!

Posted by : Matilda Ellington - Monday, February 01, 2010

Post a Comment

Name:

Email:
(optional)

URL:
(optional)

Comments: