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Lower Rates - Better Home Sales

Sales have picked up for several reasons. One big reason, is the easing of interest rates -

simple. Lower interest rates allow one to buy the same home with a more affordable monthly payment.

Although, credit is a little more difficult to come by. Stricter lending terms, larger down payment requirements make the likelihood of future foreclosures less and a prolonged housing recession less likely

Posted by Scott Skinner on 12/29/2008 07:14 PM

Comments (2)

Interest Rates in the Mortgage / Finance Channel

interest rates

2 Comments on Lower Rates - Better Home Sales

JAN

it certainly has picked up!

JAN

I haven't really seen much difference, where exactly are you getting this info from?

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Scott Skinner

Tempe, AZ

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Liberty One Lending

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