About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

Kenneth Harney, a columnist over at the Washington Post, put up this interesting piece recently:

The term “mortgage meltdown” has become so common — on TV, in headlines and in casual conversations — that you might assume that this is a tough time to get a mortgage.

But the reality is starkly different: Mortgage money is plentiful; the majority of mortgage products remain relatively unaffected by troubles in the subprime segment; and interest rates for 30-year, fixed-rate loans remain in the low 6 percent range for people with reasonably good — not necessarily perfect — credit records.

Even interest rates on jumbo loans — those for more than $417,000 — have fallen after spiking this summer.

Comments (0) Posted by G.R.A. Admin on Sunday, September 30th, 2007

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