January is a good time to get started on resolutions that one makes in December. It is a time start putting to action the plans and ideas the we thought of, dreamed about or wish to bring forth in our life.Some may dream of the new home. For those moving laterally in this market, the time is good and I urge you to move forward.
For many the idea of buying real estate may seem like a foreign idea as the general malaise the media portrays is vastly negative. There are great opportunities for many that have the long term view and good financials. As I say real estate is a 5-10 year investment,so the annual swings do not mean that much. Buy the best you can. Like stock ,get quality when you can. There are many times the stock market is volatile, and that volatility affects the bonds, which in turn affects the rates you pay as a borrower.
To find a good mortgage rate with a great local broker,go to Woodward-O'Connor Mortgage, Stephanie Woodward is a real professional.While many lenders have gone under, she still has good programs, though the lending guidelines have tightened.
Read up on things and see if your fears are founded or not. See the January 2008 Real Esate newsletter.Best to you in 2008.
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Date: 2008-01-08 17:52:22