The current scarcity of funds available for mortgage lending creates a chicken-and-egg situation,

1. Investors who provide funding for home loans don't want to commit more money until they believe the housing market is getting better.

2. But it's hard for the housing market to rebound as long as mortgage credit is tight.

3. Lower prices eventually will break this impasse, by luring buyers back into the market and reassuring investors that the market is finding a bottom.

 

 
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2 Comments on Mortgage Dilemma Exists

NOV
28
2008
Localism Sponsor

Great Stuff Jim
10:12pm • #1
NOV
29
2008
Localism Sponsor

Keep It Up
6:09pm • #2

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James G. Pycha (R), Kauai Estate Broker

Princeville, HI

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James Pycha (R) - REMAX KAUAI

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