Tuesday, August 22, 2006

The Market is very Shaky with Uncertainty

Oil is on the verge of rising again. Rates are at their very low as of now. The rates we are showing today have to be for a larger loan of at least $200,000 or more. If oil prices rise up our rates will also. We foresee a rise in rates possible before the end of the week. Enjoy these great low rates for now. Indicators due out on Wednesday and Thursday should show a slowing economy and a slowing housing market. Time will tell. Watch out for a spike in oil prices to set new highs at any time. Shop hard and use your knowledge to get the best rate and fees you can. The first thing is that you need to have good credit scores. You can check your credit scores online at My Fico.Com or Equifax.
Next, you need to have some savings for a 5% or more down payment. Do you have a good way to save for a down payment? We highly recommend Emigrant Direct. They pay 5.15% on their savings account, with no minimums, no fees. www.rateinformer.com

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