Standard & Poors redcuded America's credit rating from AAA to AA+, something that has not happened in many years. This is very scary to all of us and what does it mean to us?
One of the ways to "correct" this according to the news reports, is that they would raise the interest rates. Not sure if that would help the situation. If rates go up, then no one can afford housing again, and there will be no jobs. These are supposedly intelligent people, why can't they find a solution? I am not that much into politics, so I won't talk on that part of it any more.
What I will talk about is that if you are even mulling over buying a home, this would be a good time. As a realtor in Hernando County, this week I closed two loans with interest rates about 4.75%. That's amazing. These homes were purchased at a fantastic price in they were located in Spring Hill.
Get pre approved and call a realtor.
We will always keep you posted.
Have a great day and enjoy!
Elsie Kempsey & Julie Ludovico
Team Tropic Hernando