Saturday, November 1, 2008

Affordable Loans Are Available

For buyers who qualify for conventional financing, mortgages are available at near historically low rates. Click here to see current and historical rates.
FHA programs are a viable alternative to subprime mortgages. In fact, the FHA market share is expected to triple over the next three years, from an estimated 7 percent in 2007 to an estimated 12 percent in 2009.
Even jumbo rates - for loans more than $417,000 - are edging downward.

Source: National Association of REALTORS®