Economy Snapshot
Filed Under Economy · Tagged: financing, home purchase, New York Times graphs, Oregonian, Portland
While it’s premature to burst into song ala “Out of The Woods” from the Wizard Of Oz soundtrack, things are looking much better. Richard Read at The Oregonian reported on local and national improvements (here it is if you missed it, it’s a good read). The trend graphs of key indicators show many positive developments, check it out at NYT.com. Interest rates remain excellent and banks are lending money to qualified borrowers. FHA loan rates are also great and you don’t need 20% down to get financing. Because of a general erroneous sense of things, this is still news to many people who want to take advantage of this market, but thought they couldn’t get a loan. Don’t assume! Call a qualified lender and get the real skinny!
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