PONTE VEDRA, FL. (August 10, 2006) – Following seventeen straight federal fund rate hikes, the Federal Reserve did not raise the rates on Tuesday for the first time in more than two years. Although temporary, it’s a relief for millions of borrowers. Now may be a good time to purchase a home before the likely rate increase at future meetings. The recently launched MyHomeLink.com has solutions to help homebuyers and sellers as well as real estate professionals succeed in current economic conditions.
The federal fund rate influences how much interest consumers will pay for different types of debt including credit cards, auto loans and home equity lines of credit. Although the current rate of 5.25% is highest it’s been in more than 5 years, it’s a great time to purchase a home before the rates go up again. According to the Mortgage Bankers Association, mortgage applications rose nearly 5% last week, rebounding from a 4-year low. With the reported increase of loan applications, it is very likely that Federal Reserve may consider another rate hike at the next meeting on September 20th.
“This is a good time to purchase a home and MyHomeLink.com is prepared to assist consumers in not only finding a home and a qualified real estate professional but offers vital financing solutions as well,” says Steve Blisko, CEO and founder of MyHomeLink.com. “Part of our service is helping real estate professionals and consumers find the best financing no matter what the loan circumstance of the buyer. Homebuyers and sellers can search for homes and real estate professionals anonymously and find the best financing even if they don’t have perfect credit.”
MyHomeLink.com empowers homebuyers and sellers with instant free access to local agents and listings without the need to surrender personal information as well as financing solutions and countless educational resources while offering real estate professionals the opportunity of higher consumer traffic to their listings and websites. Always free to the consumer, MyHomeLink.com is offering a limited free membership to real estate professionals as it develops other new exciting features. Realtors nationwide can join by visiting www.myhomelink.com.
|
