RATES HAVE DROPPED! 
Today's rates are as low as 5.25%!!!!!!!
* 30 year VA fixed with active duty discount. 1 point origination. 5.421% APR, per Century 21 Mortgage.These are once in a lifetime rates! Buyers be advised, this is the time to lock in today's amazingly low interest rates
This is one example of email I got throughout the day from my fellow mortgage specialists that I have been working with. The word on the street is the interest rates will be at an amazingly low. With that in mind and the federal incentive towards first time home buyers of $7,500.00 tax credit. This should surely boost our economy if not at least the real estate market.
Our market is VA driven with mostly first time home buyers , our average home is around 150k, now with low interest rate and this incentive you would think first time home buyers will jump on it, and surely I have seen an increase of inquiries but the media is still picturing a bad time to buy real estate.
I have sent to all my clients/customers that are reluctant a newsletter emphasizing the importance of these low interest rates and surely hoping the indecisive ones to take advantage of this opportunity.
Are any Realtors using any of these facts towards their marketing strategies? We are dealing with a more educated but hesitant crowd, numbers for them matters. Buyers market + low interest+ tax credit = best time to buy. But the media keeps telling them it isn't the right time to buy, the real estate market isn't safe enough.
Let's get the word around and beat the media..... What matters the most to me and any good real estate agent is having happy customers by getting them the best deal I possibly can. Happy customers= more referrals = more business. This is possibly the best time to buy.
What do you think?