Great Time for Borrowers

Rates have actually dropped by .125 as of last Friday and some housing prices have dropped in certain overpriced areas. The two items combine to make it a sweet spot for borrowers. Rates will go up and continue to do so but for now now enjoy the short life or a dip in rates. As for home prices at the level they were climbing many borrowers were being priced out of the market. Save your 5% down payment and keep your credit score up or work on getting it higher. We love the program at Emigrant Direct. It pays 4.65% and moves up as rates go up. You can cut corners and go on a budget and make it happen. Have you been working on those credit scores? If you are working on your credit you need to stay on top of it by checking it at My Fico.Com or Equifax. Then buying that home will not turn into the ordeal it does for some borrowers but could actually be a pleasant experience.