Who would want unemployment numbers to go up? If you want a new mortgage, you do! When Wall Street gets bad news like it did on Friday, the market goes down. When the market goes down, interest rates for mortgages usually go down with them. That is exactly what happened on Friday.
Long term interest rates have gone down this week (Click Here). Hopefully this is the beginning of a downward trend but I wouldn't bet the house on it. Anyone looking to purchase a house soon will be glad to know that rates are trending downward and they make buying a house or re-financing your current loan very affordable.
Couple that with the fact that rents are sure to go up, (Click Here for more info) anyone who invest in real estate could position them selves nicely with a low mortgage and higher rents. I have several properties in mind that will create a good cash flow and excellent appreciation in Cobb and Cherokee County.
If you every wanted to invest in real estate, now is a great time to start. Call me today and let's get started.
Michael Bradford
770-862-8002
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