Low mortgage rates and the bargains to be found in the vast inventory of distressed homes for sale are making this a buyer’s market. In many areas it has become cheaper to own than to rent.
Many potential buyers stand on the sidelines, scared off by difficulties in getting approved for mortgages and fearful of a double-dip in housing prices. One bright spot for buyers and those wanting to refinance is that jumbo loans are becoming easier to get.
Here are some of the housing and mortgage trends you should expect to see for summer 2011.
“We definitely have more jumbo loan products available than in the past,” Adamo says. “As a result we are making more jumbo loans than we used to.”
The question is should I rent or should I own? these days with the falling home prices at a record low and interest rates it makes things more affordable.
Have more questions contact us today 206-334-8773
Posted via Seattle Real Estate-Seattle Homes For Sale
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