Interest rates are low again anywhere between 4.75% to 4.875% for a 30 year fix!
Remember that interest rates move and down so you need to move fast and lock in
Now for what I see happening with the mortgage market. We are seeing a lot of wholesale lenders being really picky on who they want to lend too. FHA is probably the way to go if your high on your Loan to Value since your still seeing lending up to 95%!!! What I don't like is that values keeping falling and that's a problem! We need to fix fast to start seeing the economy as a whole improve. Since i believe a lot of people are not buying since values keep going down and lenders are less wanting to lend on. What most is killing everyone right now at the end of the day is fear....fear of not knowing where we are going either forward or backwards? No one knows but if history has taught us anything and that is we are going to come out of this a better country!
