If There Were Ever A Time to Buy, The Time is Now!!!

http://www2.timesdispatch.com/business/2011/feb/19/TDBIZ02-the-nations-housing-for-feb-19-ar-853957/


"Fixed 30-year mortgage rates in the 5 percent range? Minimum down payments below 5 percent? Jumbo-size home loans for high cost markets at regular interest rates? Kiss them goodbye - possibly sooner than you might guess."

Based off the Obama administration's housing report and proposed remedies, the immediate future is uncertain for homebuyers and homeowners alike. The administration is looking to severely reduce the size of the federal government's role in the mortgage industry, which accounts for a huge percentage of the current market share..."where will the buyers who depend upon FHA today for affordable financing turn when that sharp cut has been accomlished?"

"Bottom line: Get ready to pay more for mortgages!"