Read
- Protesters battle Greek police as parliament decides
|
- Whitney Houston found dead in Calif. hotel, age 48
|
- UPDATE 8-Whitney Houston found dead in Calif. hotel, age 48
- Former New Orleans Mayor Ray Nagin under investigation: source
- Twitter Reacts to Whitney Houston's Death: Rihanna, Mariah Carey, Toni Braxton Grieve
Why Is RefinanceRates.com Headed for a 'Perfect Storm'?
* Reuters is not responsible for the content in this press release.
WORCESTER, Mass., May 7 /PRNewswire/ -- RefinanceRates.com may be headed for a "perfect storm" as it moves to auction in early June 2009. With today's 30-year interest rates at all-time lows and refinancing experiencing recent highs, it's making RefinanceRates.com act as that "warm front" to provide some extra intensity. What type of results can one expect to see from this turbulent combination? Past sales for similar industry related names include: TheMortgage.com at $500,000, Refinance.com at $700,000, InsuranceRates.com at $225,000, FreeQuotes.com at $210,000, and Mortgage.com, selling for $1,800,000 to Citi. According to a recent Freddie Mac Primary Mortgage Market Survey, the 30-year fixed rate hasn't been lower, dating back to 1971 and currently averaging at 4.78%. The Mortgage Banker's Association (MBA) shared that nearly 75% of mortgage applications came from borrowers seeking to refinance home loans at lower rates, as stated in their 4/29/09 MBA Weekly Survey. The timing of domain name RefinanceRates.com going to auction appears to be perfect, especially with mortgage rates predicting to drop further. "Domain names continue to show an incredible increase in interest with recent acquisitions, such as Toys "R" Us buying Toys.com for $5,100,000 and REDC purchasing Auction.com for $1,700,000. This demonstrates that even in today's economy companies are continuing to aggressively invest in e-commence," said Cheryl Wright, V.P. Sales, at McKenzie Marketing. She added, "Companies that wish to dominate their space realize that premier domain names play a major role in this goal." Many companies have spent multiple millions to acquire just one name, as evidenced by sales such as Fund.com at $9,999,950, AsSeenOnTv.com at $5,000,000, and CreditCheck.com at $3,000,000. To see a listing of the top 60 highest sales, visit Mckmar.com. The auction for RefinanceRates.com will be transacted through Sedo, which has over 690,000 members and over 11.5 million domains for sale. Stay tuned for the results, in June, to see if we have a tropical depression or a category 5. About McKenzie Marketing, Co.: McKenzie Marketing Co., based near Worcester, MA, is a full service brokerage that specializes in helping companies secure and sell premier domain names in an anonymous fashion. They have facilitated the sale of many of the premier domain names, including iPodGames.com and HealthCareSolutions.com. SOURCE McKenzie Marketing Cheryl Wright, Vice President, Sales of McKenzie Marketing Co., +1-978-563-1698
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters