The Fed acted again this week to lower the Fed Funds Rate another .50%. This came after the initial .50% on October 8th. If you looked at the Global markets you would also have seen others cut their rates as well. All of this is being done to continue to help ease the credit crisis and prevent, if possible, a potential long and severe global recession. As is typical, after a Fed cut, we saw long term rate take a slight rise but thanks to falling Oil prices not quite as much of a hit as earlier this month. Consumer spending fell 0.3% in September, the biggest drop in four years. Overall weakness in the economy should help stabilize the long term rates in the coming weeks.
October 20, 2008:
We have had some wild swings these last couple of weeks since the passing of the "Bailout Bill" and the lowering of the Fed Funds Rate. Interest rates have fluctuated from the high 5's to the high 6's, making this the largest swing we have seen in quite a long time. It seems economics have taken somewhat of a backseat to the overall world banking stall. What are the experts saying... This week, with Moves by the Treasury to buy shares in some of the banks we have seen a small start to pumping some liquidity into the credit markets. Fear and panic though, are still driving the markets. The Treasury is working on the plan to purchase some of the "toxic" debt and getting it ready for resale. Similar strategies are being played out in European nations - the UK and Germany. By year end the the market should, if things go as planned, be functioning better. Expect unemployment to continue to grow next year and recovery to be slow. If we look historically, opportunity will arise in markets like these. People will gravitate to professionals in challenging times. Markets turn around. Values stabilize, programs adapt to needs, and housing is always a necessity.
September 9, 2008:
Great news... the government has agreed last Sunday to take over the two of the largest mortgage guarantors Fannie-May and Freddie-mac which has sent shock-waves throughout the mortgage and housing industry giving investors the security that they been looking for. Because of this huge announcement this has lowered interest rates by almost a full percentage point putting the new rate in the low 5% range. This is what we all been waiting for and this very well could be the start of a new beginning in the house and lending market. Now is the time to buy before the train leaves the station. (Congratulations everybody)
September 8, 2008:
President Bush signs landmark housing bill into law. Looking to build a new house? This bill will make a positive impact on many people looking to build a new home. Read More
September 8, 2008:
The people have spoken....the Oakley II in Dancing Waters neighborhood in Woodbury is the BEST VALUE and floor plan of the Fall parade of homes. Don't miss the 2008 Parade of Homes which kicked off this weekend. Interest rates are low and quality home sites are still available. Come see Megan and Paula at parade number #426 in Woodbury for more exciting news and experience to Oakley II for yourself.
September 7, 2008:
The people have spoken....the Oakley II in Dancing Waters neighborhood in Woodbury is the BEST VALUE and floor plan of the Fall parade of homes. Don't miss the 2008 Parade of Homes which kicked off this weekend. Interest rates are low and quality home sites are still available. Come see Megan and Paula at parade number #426 in Woodbury for more exciting news and experience to Oakley II for yourself.
September 5, 2008:
Don't forget to visit our Parade model # 426 in the beautiful Dancing Waters community.
September 3, 2008:
Metro Classic Homes Remodeling division is getting caught up with all of our summer remodeling projects and is ready to start bidding new projects for the fall & winter months. Just email your project request in and we will get back to you ASAP.
July 1, 2008:
Metro Classic Homes is proud to announce our new model, the Oakley II, built in the beautiful community of Dancing Waters! We have added many pictures of this model, we are sure that you will be impressed once you see the pictures!, Click Here to navigate to the Oakley II model.
February 20 2008:
Metro Classic Homes is proud to announce our new model, the Oakley II, built in the beautiful community of dancing waters! We have added many pictures of this model, we are sure that you will be impressed once you see the pictures!, Click Here to navigate to the Oakley II model.
January 23 2008:
Metro Classic homes is proud announce that our new web site is online! We have totally redesigned our web site from the ground up to better suit your needs. We have added many new features to our web site, here is just a few of the many new features:
Magazine: The entire Magazine of our hottest floor plans is now available on our web site; you can find the link on the main page.
Resources: Here you will find valuable resources for any home owner, or soon to be home owner. This page will be updated often, so check back for updates. Currently, we have a very useful mortgage loan calculator.
Gallery: We have many more pictures in our galleries now, as well as an updated interface.
Model Homes: We have added many new pictures of our model homes, larger photos are displayed with new interface. We have also added Driving Directions to all active models.
Developments: Many new pictures have been added, as well as links to the public schools and development web sites, making it easier to find the perfect lot.
Home Plans: Upgraded photos have been added to Home Plans.