Is the current mortgage crisis a bad thing? Well yes in the larger scope of the national and world economies that had largely been built upon the skyrocketing home values and record mortgage productions it is. However upon reflections this crisis may be exactly what the doctor has ordered for this industry and for the average consumer. I will explain in detail how this crisis is improving things for the average consumer in measurable ways. Here are four good reasons why this crisis is benefiting a new home buyer.
Interest rates are low. I won’t bore you with the details of exactly how the market affects interest rates, but there are some things you should know. For on the Federal rate cuts have not been the cause of our good low rates. In fact virtually every time the Fed