According to the Washington Post Writers Group and Realtor Magazine Online, currently, for most buyers, the mortgage market is "healthy".

"The widespread notion that the entire mortgage market is in crisis is just plain wrong", is what lenders in various parts of the country are saying.

I keep reading more and more how the majority of mortgage products have been unaffected by troubles in the subprime segment.

"Interest rates for 30-year, fixed-rated loans remain in the low 6% range for people with reasonably good, though not necessarily perfect, credit records," says Kenneth R. Harney, managing director of the National Real Estate Development Center and syndicated columnist.

While they say there is plenty of money to lend, all of you buyers out there still need to be aware that underwriting standards are much more strict now than they were just a year ago.

Similarly, FICO credit-score standards are generally higher than a year ago, stated-income mortgages with no verifications are harder to find and lenders are especially wary of combining low down payments with marginal credit scores and high debt-to-income ratios in markets where prices are trending lower.

--Our goal in maintaining this blog is to provide you with valuable information, tips, and general insight for buyers, sellers and investors in the Dallas Texas real estate market. If you choose to use Exceptional Realty Services, feel free to call us anytime, we'd be honored to help. We can assist you with the process of finding a home, help with getting a loan, information for relocation, listing and selling your home, investment tips and tools, foreclosure assistance, and short sale information.