Lately I've become a bit of a CNN junkie. All the politics and economy talk seem to get me every time.
With the economy on the ropes people are looking for serious advice.
Well don't start stuffing the mattress just yet.
Based on the news, I wouldn't think it was feasible to get a home loan right now. "You watch too much TV!!" was what one lender told me when I asked if they had any money to lend. The question made sense. All we hear about lately is frozen credit markets, blah blah blah. Restrictions and changes keep coming, yes. So far though, it seems like qualified borrowers haven't been denied.
Rates continuet to drop. Lenders are still lending and home prices, though fairly stable, do continue to favor buyers. The way it looks, the housing market may help pull us all out of the recession.
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