About Government Refinance and Home Purchase Programs

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

There are lots of ways to measure this but the report in the AP this morning said that home prices in Jan. 09 were nearly 20% than home prices in Jan. 08. Here is a excerpt:

The Standard & Poor’s/Case-Shiller index of home prices in 20 major cities tumbled by a record 19 percent from January 2008. It was the largest decline since the index started in 2000. The 10-city index dropped 19.4 percent, also a new record.

All 20 cities in the report showed monthly and annual price declines, with 13 posting new annual records. Prices dropped by more than 10 percent in 14 cities.

With housing prices likely to drop further and mortgage rates the lowest since the 1950s, now is the time to look into a refinance. Contact us in the sidebar if you think you are a candidate for a government-backed refinance.

Comments (0) Posted by G.R.A. Admin on Tuesday, March 31st, 2009


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