Possible Effects on Real Estate from Standard and Poors Downgrade

This will probably put some downward pressure on the dollar and therefore could negatively effect mortgage rates.  Right now they're at historic lows, running between 4.25% and 4.5%.  We'll keep an eye on what happens in coming days but if you're a real estate investor, especially in rental properties, the time could not be better to jump in.  Prices are low, there are still great numbers of bank owned or short sale properties on the market and rental rates are high. 

I have contacts with lenders that have money to invest so if you're an investor looking for funds, contact me at belliott@c21scheetz.com.