Turmoil in the Marketplace

Rates are moving up about .125 -.250 from the lows. Is the economy really doing better? That is the big question. There are still signs of the housing market getting weaker which makes this a very good time for home buyers but not so good for home sellers. We hope we do not see too much weakness in the labor sector because if people are not working they will not by a home no matter what the price is. The Feds are watching very closely to the economy. Is it slowing down or falling down? They want a soft slowdown so we do not have a recession. Be careful when shopping for your mortgage. There is a lot fraud still occurring as you can read from our news feeds. Shop carefully and you will be happy you did. You need good credit scores to get the best rate.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 one of the highest rates in the country on their savings account, with no minimums, no fees. www.rateinformer.com