The Perfect Storm for Mortgage....and Mortgage Leads

Mission Viejo, US, 05/21/2012 / SubmitMyPR /

Those who have been looking to get into a new home or as first-time buyers could not be much happier, nor those looking for online mortgage leads as a new record low for mortgage rates hit for the third week in a row. FindMyLeads.com, a seller of mortgage leads among other types of leads, is enthusiastic about the developments that have been making housing more affordable in a struggling market that crashed back in 2008, and has been struggling to recover ever since. Now, as things begin to continue looking good in the States, many are starting to take advantage of these new low rates.

"We have seen a huge influx of mortgage leads coming in due to these new record-low rates," said one FindMyLeads.com employee. "We win, the customers win, and the banks win. Of course, desperate times call for desperate measures, and lenders are becoming a lot more understanding that they have to let some money out to get more coming back in. Also, the reason for these lower rates is not exactly great for all people."

Indeed, part of the reason for such low mortgage rates is due to the uncertainty that has been plaguing the European Union in recent years, most notably Greece. Although the influx of high-quality mortgage leads is most likely not going to be affected, the new record low is not lower by much, dropping a paltry 0.04% for 30-year fixed mortgages, and a miniscule 0.01% for 15-year fixed mortgages. According to CNNMoney, that is only a $38 savings compared to last year for every $100,000 borrowed. Further, many are not expecting these low rates to continue much longer, as things in Europe begin to settle, and the American markets to strengthen.

One other thing that has been helping keep mortgage leads in high demand has been low prices in housing. Together with a high number of foreclosed properties, many are finding that their options for homeownership have been becoming far more varied. However, for many Americans still struggling to get by, low mortgage rates mean little when people are living hand-to-mouth on a continual basis. However, the banks should be somewhat applauded for their efforts in breaking the stalemate that has kept both financial institutions and everyday citizens in economic hardship for years now. In Florida, for instant, where home prices have fallen by as much as 40% from their pre-housing bubble costs, many are making it possible for some to save six figures in loan discounts. This trend is not lost on those at FindMyLeads.com.

While things are beginning to look up, it is still premature to begin celebrating. For the time being, though, companies selling mortgage leads, like FindMyLeads.com, are happy to accommodate those looking for the opportunity to take advantage of these new all-time lows.

"Who would have thought that people would be looking to take advantage of these rates four or five years ago?" said the FindMyLeads.com employee. "Everyone was really hurting for a long time, so it is a huge relief to see that things are starting to turn around here in the States."

For more information on mortgage leads and other types of online generated business leads please visit www dot findmyleads dot com.