Good news and a new attitude…

There was good news in an article by Alan Zibel, Associated Press, that appeared in papers on Sunday.

Rates on 30-year mortgages fell to the lowest level on record for the second consecutive week after the Federal Reserve initiated a new effort to assist the staggering U.S. housing market. Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.78 percent from 4.85 percent the previous week. It was the lowest in the history of Freddie Mac's survey, which dates to 1971. Rates are down by more than a full percentage point from a year ago.

The average rate on a 15-year fixed-rate mortgage dropped to 4.52 percent last week from 4.58 percent the previous week, according to Freddie Mac. Rates on five-year adjustable-rate mortgages fell to 4.92 percent from 4.96 percent, and rates on one-year adjustable-rate mortgages fell to 4.75 percent from 4.85 percent. The rates do not include points. The nationwide fee averaged 0.7 of a point last week for all mortgages in Freddie Mac's survey except for one-year adjustable mortgages, which had an average fee of 0.6 of a point.

And from the Jack’s Winning Words Blog came this tid bit of advice on attitude - "Once you replace negative thoughts with positive ones, you'll start having positive results." (Willie Nelson). Jack opined that he never thought of Willie as a philosopher, but he did have some good things to say as well as to sing.

We certainly have about the most positive mortgage environment that we could have right now and we have lots of inventory to show, so if we go at this with a positive attitude and positive thoughts, we should see positive results. Remember that you will achieve what you believe that you will achieve, so be positive and believe in yourself and you will achieve success. Got to go now and find a few of my old Willie Nelson albums. Soon, I’ll be “on the road again”; the road to success.