Cash The Checks

A new job report came out recently: The number of Americans with jobs has dropped for the first time in 4 years. Then we’re also seeing the stock market decreasing and becoming more volatile lately. Let’s not forget that there are record number of foreclosures and homes are sitting with “For Sale” signs much longer now.

All this could be enough for the feds to lower their interest rates when they meet September 18th. Experts are predicting a 0.25% cut to a 0.50% cut. I found this link that lists the history of the rate cuts, and it’s interesting to note that there hasn’t been a change since June 2006. It’s hard to believe that according to that chart, the rate was as low as 1.00% about 3 years ago. I wish I would have bought a house then.

So if you’re on the verge of buying a home, it’s best to wait just a little bit longer, and see if you can get a better deal in two weeks.

If you’ve been looking to buy a home but are wary about interest rates, perhaps you should look into the cost of a modular home. Look online to find modular homes on sale, or better yet, start construction on a new home. You could save money and time by looking into modular homes!