Ok, on the news almost every night, and all day  we hear the stock market averages are sufering from the  teeter-tooter affect, that is up down up down... While the market is going up and down, we also hear  about the bail out that is being argued over by the Senate, House and Executive branch. 

700 Billion dollars is a lot of money, and to hear our elected officials pushing for this bailout is leading the average American to believe that the Banks are broke, that there is no money to lend! 

I have talked to many loan officers, and it would appear that there is money to be lent, alot of it!  One loan officer has been told that she needs to sell one million dollars every month, and this bank has been purchased by CityGroup, and still they have this requirement.

I know that there is money to be purchased, I see the daily sales in my area, and I doubt that each of these buyers are using cash.  Instead they are going to a bank, and purchasing the only real product that banks have to sell MONEY.  Interest rates are low, just under 6%, and home prices have bottomed out.  As they say on the stock market buy low, sell high.  Folks it is time to act.

There are three factors to purchasing a home:

1. Interest rates
2. Purchase price
3. Down payment

Interest rates are LOW right below 6%, Home prices are low, the lowest they have been for years and of course bank owned properties can be had for almost 30 to 40 percent below market value.  While both interest rates and purchase prices are low, the only big change is the fact buyers have to invest a little 10 to 20 percent.   Folks, it is time to act, 2 of the 3 points are low and there are many great deals to be had out there.