Orlando Real Estate News

The News Observer recently reported that the Federal Reserve is keeping the Interest Rates low:

The Federal Reserve pledged Wednesday to hold rates at record lows to nurture the economic recovery and lower unemployment. But its decision drew a dissent from one member, signaling the Fed's challenge in deciding when to pull back stimulus money it pumped into the economy.

The Fed's statement sketched a mixed picture of the economy. Pointing to weakness, it noted that bank lending is contracting. And it dropped a reference in its previous statement to an improving housing market.

What does this mean for Orlando home buyers?   It means that you still have time to purchase a home at historic low interest rates.   But don't wait too long?   These rates won't stay low for much longer.   And if you want to take advantage of the Tax Credit you better get moving.   You must be under contract by April 30th to be eligible to take advantage of it!

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If you want to sell your Seminole County or Orlando area home in the next 6 to12 months, now is the time to begin putting your plan into place while time is still on your side. Please contact us for any real estate assistance you may need.

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