Don't be Fooled...

noreply@blogger.com (Gulf Coast Guide) — Thu, 08 Sep 2011 22:01:00 +0000

The Fed's interest rate isn't the same as consumer interest rates...This morning at our monthly RE/MAX of Gulf Shores sales meeting, we had a representative from the newly formed National Bank of Commerce out of Birmingham come and introduce their bank to our Gulf Shores area. While she was at the meeting speaking with us, she had some great tidbits of information that many consumers may not quite understand.

She said that she has heard alot of her banking customers commment on the fact that the FED won't be raising interest rates for a minimum of two years. With this information she says that people seem confused. Alot of consumers think that this means that mortgage rates won't be elevated either. Contrary to this belief however, the FED rate has nothing to do with mortgage interest rates.

The FED rate is the rate inwhich banks lend money to eachother. This rate is said to be steady for now. Just because the banks aren't hiking rates on eachother, doesn't mean they won't hike rates on us, the consumer. In fact, a good day for the stock market normally means a bad day for mortgage rates and vice versa.

There is not a two year safety net on mortgage rates, so if you were thinking you still had time to make that purchase, think again, a good day on Wall Street may bring a quick end to those low low mortgage rates that we are seeing today.

In fact according to the sales and market data for our area, the dollars per square foot are now leveling out, which signals that we may have reached the bottom. Prices may not go any lower than they are today. Take advantage of this great time to pick up a piece of beautiful gulf coast property.

Let me know which property you'd like to see this weekend!
Kristy
251-747-2146

Relax and Real Estate

noreply@blogger.com (Gulf Coast Guide) — Thu, 25 Aug 2011 16:11:00 +0000

After a busy weekend at the beach wind down with The HangOut who's been hosting their "Beach Blues and BBQ" music series each and every Sunday in August and September. This Sunday enjoy Eric Lindell's unique blend of blues-y sounds, you won't be disappointed! Guitar Magazine wrote, "unquestionably one of the hottest things at last years
New Orleans jazz and heritage festival....impressive super slinky guitar tone....classic blues and r&b origins with a taste of country twang....bound to win over roots music fans for years to come." With a review like that, this relaxing time is a must. After you’ve finished sipping your sweet tea, and listening to Lindell’s sweet sounds, wipe that BBQ from your chin and give me a call to discuss which of my listings will work best for you! Life’s good at the beach!