C21AL News & Information

Archive for the ‘Information’ Category

Win Free Gas!

Saturday, October 6th, 2007

Win Free Gas for A Year Sweepstakes!

Register to win the “Free Gas for a Year*” Sweepstakes at any of the participating Century 21 Alliance Group Open Houses during the weekend of October 13th and October 14th. Simply ask the Century 21 Real Estate Professional for your entry form!

Click here to view Century 21 Alliance Group’s participating Open Houses.

Fed Lowers Mortgage Rates

Saturday, August 18th, 2007

The Federal Reserve announced Friday that it has approved a half-percentage point cut in its discount rate on loans to banks. The discount rate only covers loans made directly to banks by the Fed or loans that banks make to each other over short terms.

How will this impact the real estate market in Birmingham?

For the time being, this should stabilize the current rates being offered and combined with the recent infusion of dillions of dollars into the banking system, keep credit availability from declining.