It appears that the Federal Government is finally taking notice about the current mortgage conditions. The Fed will be meeting September 14-15 to address the current mortgage problems and hopefully come up with some workable solutions. This is good news for Sellers and Buyers in the Central Orlando area who are looking to move forward with their home sale or purchase.
Buyers have been reluctant to move forward as they are waiting for the market to stabilize. A drop in the prime rate with current low home prices should spur the market to move as many will see great opportunities to pick up bargains. Homes in Kissimmee and Davenports have seen the biggest drop in home prices so a potential drop in rates may spark home purchases in these areas.