The Fed meets December 11 and will cut short-term rates again. The legislation being proposed in Washington is spooky, to say the least. Watch the international effect on our Dollar when the rate cut takes effect- especially if Fed chairman Bernanke goes for a full half-point cut.
Banks and lenders are working with homeowners on a case-by-case basis to modify loan parameters in an effort to lower foreclosures. The Federal government is working with major banks to do the same. The target market consists of qualified Borrowers whose adjustable rate mortgages will reset in 2008.
The Consumer confidence Index for November reflects a lowering of expectations in business conditions and the job market.
If you would like to view all homes, condos or bank owned foreclosures listed for sale, please visit our website at: County Properties Real Estate.