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Written by Peter Daniel
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Hello and welcome to the Outer Banks of North Carolina. As I write this, we are in the midst of bailout glory. In the Fed's third attempt to prop up Citigroup, 25 billion in preferred stock will be converted to common stock; and President Obama's new budget,while presented at nearly 3.7 trillion dollars, has another 750 billion in case the financial markets need more shoring up in the future ...
While most of us in the building and real estate market have been hit financially, some investors have been biding their time just waiting for the market to get "right". Well folks, that time is NOW ! Som financial experts forecast mortgage interest rates on 30 year conventional mortgages to bottom out in May at 5.03% and start to climb back up in June and July. Home prices are at an all time low, and the supply of homes "for sale" are great. Never has there been a better time to buy a great vacation home on the Outer Banks than now. And banks do have monies to lend if you are qualified. So on your next visit to the Outer Banks, take time to look around at what's available and please give us a call at Atlantic Shore Realty and Development at 252-449-5445 or check out our web page at http://www.atlanticshorerealty.info/ for a direct link to the Outer Banks MLS. Thanks for reading! Peter Daniel Daniel Builders, Inc
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