My New Blog

The Loan rates for many loans are below 6% right now. They hit a low at some lending institutions of 5.125% for a couple of hours on the 23rd of January. The Market has picked up, many realtors have noticed more showings on listed property in the last 2 weeks. If the trend continues and you are thinking of buying, call a local broker and see if you could buy a home rather then rent. There are still some very good first time buyer programs available with 100% financing or (No Money Down). The better your credit is, the better the interest rate you can get.

It is still a Buyers Market. That fact coupled with good interest rates in the first quarter of 2008 means great savings for Buyers.