Lower Rates - Better Home Sales

Mortgage and Lending with Liberty One Lending

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

Comments (2)

Leslie Heimer

it certainly has picked up!

Jan 06, 2009 03:24 AM
Mark Solomon
Advantage Real Estate - Chino Hills, CA

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

Jan 07, 2009 03:50 AM