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Good-Bad News For Today’s Home Buyers
http://www.thesandiegocoast.com/ 2008/ 05/ 04/ good-bad-news-for-todays-home-buyers/
Many homebuyers, particularly first-time buyers, are very happy to see home prices dropping in their local market. However, they now face tougher requirements in finding mortgage financing for their newly purchased residence. Mortgage interest rates have been generally rising, with occasional downward dips as was recently experienced. But they are still very low, compared with past years. That’s the good news. But most lenders are now requiring larger down payments and higher credit scores before accepting an application. They don’t want to be burned again with more foreclosures.
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Good-Bad News For Today’s Home Buyers
http://surfing.twistednaturemedia.com/2008/05/04/good-bad-ne...wrote an interesting post today on Here’s a quick excerpt Many homebuyers, particularly first-time buyers, are very happy to see home prices dropping in their local market. However, they now face tougher requirements in finding mortgage financing for their newly purchased residence. Mortgage interest rates have been generally rising, with occasional downward dips as was recently experienced. But they are still very low, compared with past years. That’s the good news. But most lenders are now requiring larger down payments and higher credit scores befo Read the rest of this great post here
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