Dec. 2, 2008 - And now for a little good real estate news

Programs are available to help buyers

The Star-Ledger's Sam Ali reported on the various federal, state and private assistance programs that can help buyers to qualify for mortgages and get into homes. Despite all of the negative news, mortgage money is out there and it's available from strong lenders. These programs can work for buyers without stellar credit or 20% of the purchase price. Read the article on NJ.com

In addition to these programs, last Tuesday's infusion of $600 billion to support the mortgage securities market drastically lowered mortgage rates. Steve Kappre, a NJ loan officer and Blogger provides an idea of where local mortage rates are now. Of course your personal financial situation will determine what rate you might qualify for. You can get a free custom rate quote online from Century21 Mortgage* or call Matthew Zimmerman at: 732.267.8527

If your mortgage is above 6% current rates might cause you to look at refinancing your home loan.

For general information regarding mortgage rates, visit Bankrate.com

*Century21 Mortgagte is an affliate of Century21 OurTown Reaty