Monday, September 8, 2008

The Market Boost Is Here - Lower Interest Rates

The announcement that Fannie and Freddie will be taken over by the Federal government has driven the stock market up and lowered the current interest rates. Rates have been impacted positively but the real estate industry will only improve as the existing inventory moves. I suspect that the reduced rates will help motivate some shoppers to become active now and take advantage of the lower rates and home prices.

U.S. Stocks Rise, Joining Global Rally, on Fannie, Freddie Plan
http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=a1mMZRH7uKJY