Another encouraging article. Banks are loosening their grip on the amount of money they lend to home buyers! I’ve stressed this quite a few times since starting this blog, and especially this week, but go and get pre-approved in order to lock in a rate. We’re dealing with the lowest rates in the history of lending right now! When the market picks up, so do rates. It’s almost like a “supply and demand” scenario.
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.
Seth Jervis - Signature Properties 