The Air is Still Leaking Out of the Housing Bubble

The Housing Market still continues it decline and sometimes the information we receive are not telling the whole story. We feel there will be Home builders and other related fields (Real Estate & Mortgage Companies, Etc) that will fall as the housing market declines further. When Interest Rates go back up (and they will!) it will really damage the housing market as buyers get priced out of the home they want and Arm Loans start to adjust to much higher rates. Remember the information you receive about housing is old news from a month or more ago. Be careful about what you buy and make sure you do not over extend your finances. Careful shopping for mortgages and homes can bring relief down the road if thing get tight for your financial future. 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 5.05% on their savings account, with no minimums, no fees.