Mortgage Rates Expected to Drop

For credit worthy buyers, there's more good news if you are planning on purchasing a new home- according to the Wall Street Journal, interest rates are expected to drop again. There may not be a better time to buy with high inventories, arresting price increases and very attractive interest rates in the horrizon. If you have been fence-sitting on buying a house, will a lower interest rate entice you to purchase a home?

/http://online.wsj.com/article/SB123783885610917083.html

Bad News/Good News

Here are a couple articles from USA today- one with a US map of the mortgage crisis hot spots. Good news- Elko County remains in the lowest catagory for foreclosures inspite of being in the vacinity of areas with high rates . A nice article follows regarding the bright side of human nature noting increased incidents of kindness and charity in these times of ecconmic tribulation.

Has anyone reached out to you in times of difficulty or have you been in a position to lend support of some sort to others who are facing tough times? Do you worry about our local ecconmic conditions and if so, has it affected your spending?


http://www.usatoday.com/money/economy/housing/2009-03-05-foreclosure_N.htm#uslPageReturn


http://www.usatoday.com/news/nation/2009-03-09-gooddeeds_N.htm

Obama Proposal For Foreclosure Prevention

It will be interesting to see if this passes and if so, how it impacts those struggling to pay their mortgage.


http://www.foxbusiness.com/story/markets/obamas-foreclosure-prevention-plan-faces-hurdles/