With the fireworks going off in the financial markets over the last week or so, some are left wondering if the sky is falling.  The market has been weeding out the “little guys” of the banking industry in the metro Atlanta market as so many put their fortunes in the hands of real estate speculators.  The same trend appears to be happening nationally as we see even some of the “big guys” such as Lehman Brothers and Merrill Lynch looking in different directions for help.  We have partnered with Countrywide, which is owned by Bank of America now, to provide some great information from the trenches.  I hope you enjoy the latest installment from Countrywide’s VP, DC Aiken.  Mr. Aiken’s suggestion of falling interest rates hitting the 5.25% levels is unbelievable for anyone interested in buying right now.  As previously mentioned:

sliding home prices + high inventories + falling interest rates 

= the perfect storm for buyers

Here’s the Countrywide Update:

This entry was posted on Tuesday, September 16th, 2008 at 2:47 pm and is filed under Financial, Mortgage, New Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.