Saturday, September 22, 2007 - Newsworthy Articles

The following are articles that I think are relevant in today's market. They say what I would say if I could say it this well!

From 9/21/07, Realty Times: An article by Blanche Evans on what to tell buyers who are sitting on the fence, waiting for prices to drop. Those who have spoken to me about the current market have heard these same words -- we can't see into the future. Prices may drop, but interest rates may go up, keeping that dream house out of reach. The mortgage news is all doom-and-gloom and it's having a greater effect on the market than the actual events that are unfolding. The recent rate cuts by the Fed don't have much to do with mortgage interest rates. They're two different animals. Anyway, as usual, she has said it way better and in more depth than I've said it. So read on...

An article by Blanche Evans (Editor of Realty Times, a well-respected newsletter for consumers and the industry alike), who speculates that our current mortgage and housing problems can be traced back to the Tax Relief Act of 1997, which changed the way homeowners deal with capital gains upon the sale of their homes.

A Washington Post article by Kenneth R. Harney, detailing how the mortgage credit crunch is affecting all of us, not just those who have credit problems. Today your credit score might be good enough to qualify for the best interest rates and terms. The criteria for those interest rates is changing daily, lender by lender. And your credit may be affected by where you live, as well. Read on...

(c) Susan Pruden.