Have Mortgage Rates Lost their Effect on the Real Estate Market?
The real estate market is still floundering and trying to come to grips with the outfall of recent past economic events that have left it in what can only be described as a dazed and confused state.
Mortgage rates that once held great sway and impacted the real estate industry with the slightest of movements now seem to have little say on what is, or what is not happening within this once massive market.
The economic meltdown is still being felt throughout all the financial institutions around the U.S. and especially in the real estate industry. The brick and mortar industry was once always considered a more stable alternative to investing in the financial markets or other such riskier ventures.
Unfortunately, this once secure type of mom and pop investment seems to have run its course in 2010. Yes, it is a great time to buy right now for those with the cash or assets to do so. But for the rest of the majority of the population that have to rely on uncertain times, it is still a daunting proposition.
With mortgage rates at the lowest point they have been since the 1950’s, it is definitely a great time to further investments or to re-finance an existing mortgage loan or portfolio of investments.
Obviously this is not happening within the majority of the American public. People are still apprehensive about taking any kind of risk, no matter how small in these turbulent and uncertain times.
After all the doom and gloom of the past, it is imperative that this most stable and intrinsic of investment vehicles finds its basic proving ground and commences to grow and thus assist the overall financial progression of the United States as a whole.
Mortgage rates, as in the past will eventually play a greater part in this much needed progression towards future financial stability. That along with unencumbered regulations by authorities and financial institutions, will go hand in hand towards seeing that this once most stable of investment opportunities is once again not only made viable, but available to the everyday working person.
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