Now is a great time to be in the market for a new home, especially if you don’t have to sell an existing house first.
Sure, it’s a lousy time to be a seller — no matter what real estate agents say. But if you’re buying a home? Congratulations, you’ve picked a perfect time.
You probably know […]
t finally happened yesterday: The U.S. House of Representatives approved a sweeping measure that provides aid to U.S. homeowners facing foreclosure and assistance to mortgage giants Freddie Mac and Fannie Mae.
When you travel across the country, as my family and I did the last two weeks, you hear a mishmash of radio stations. Some stay in range for a mile or two, some for half a state. This gave me a good chance to hear what people from Chicago to southern Virgnia had to say about the state of the housing market.
Following their colleagues in the House of Representatives, members of the U.S. Senate Banking Committee yesterday approved legislation that would help homeowners in danger of losing their residences to foreclosure.
It may sound strange, what with all the bad news surrounding the housing and mortgage industries, but now may actually be a good time for consumers to take on a mortgage loan.
In more bad news for the housing industry, the massive Congressionally chartered provider of home loans, Freddie Mac, last week reported that it lost $2 billion in the third quarter of 2007.
Need some good news about the residential housing industry? Well, if you’re a buyer, here’s some: Interest rates on mortgage loans have fallen to their lowest point in five months.
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Written by Dan Rafter [email] for b5media.
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