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I thought I'd write something to help you get a big picture view of the current mortgage market that we are in.

The government sponsored mortgage entities, fannie mae and freddie mac are putting pressure on mortgage producers to buy back loans that were made years ago because those loans are now defaulting. This is a good and a bad thing, but one of the consequences is that the mortgage producers of today are afraid to do loans without making the requirements to get a loan extremely stringent. . . and those requirements, whether requirements from the government or from the financial institutions, get more and more demanding with every month. 

So, what does that mean for you? Now is the time to buy a house, you might not qualify for a loan if you wait. House prices are down, mortgage rates are near all-time lows, and it's only getting harder to qualify for a loan. Xan and I really want to get you into a house that fits you and your needs. So please give us a call so we can get you started on the road to home ownership.