Money Matters

Here are a couple of current articles regarding issues that could affect mortgage funding and rates.


http://www.reuters.com/article/newsOne/idUSTRE5756U320090806



http://www.reuters.com/article/newsOne/idUSTRE5756ZH20090807


Availability of funding is most always an issue for home buyers and impacts the housing market for sellers as well. What will the financial market bring to bear on the housing market? Time will tell... Also, the $8000 tax credit for 1st time (or those who have not owned a home in the last 3 years) is currently set to expire by Nov. 30th. With escrow taking 30-45 days, that means that those hoping to take advantage of it must do so within about the next 8-9 weeks!