You may have heard but ...the interest rates dropped substantially recently on the heals of the Fannie Mae and Freddie Mac takeover by the government. This could mean substantial savings for you if you have been sitting on the fence. And it could be good news for sellers whose homes are not selling.

The other thing to know is that the mortgage requirements are getting more stringent, and it is expected that we will see even more  and tougher, standards next year. Many folks who might qualify now may not do so next year. And if the rates go up too...

Finally, you probably know that the higher mortgage limits are going to end at the end of this year for certain mortgages (e.g., FHA). This means some loans for median priced homes, say in the Carlsbad area, will then, again, become jumbo loans.

Is this YOUR opportunity to buy?

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If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by

phone or text at (760) 840-1360 or email me at JDowler@remax.net.

All content copyright © 2008 Jeff Dowler