Wall Street News Not All Bad: MortgageCreditProblems.com Reports Opportunity     

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MortgageCreditProblems.com, a top online resource for potential homebuyers with a poor credit history, reports that the recent stock market decline in February could have created the perfect opportunity for first time buyers to start shopping for a home. The $8 trillion U.S. mortgage industry faces big changes, some analysts say. However, MortgageCreditProblems.com's latest article, "California Mortgage Shoppers: Wall Street's Losses May Be Your Gain" by Richard Barrington offers hope in suggesting that mortgage rates may be tied to Treasury Bond rates -- as T-Bonds suffer, homebuyers benefit.

MortgageCreditProblems.com, a primary source of mortgage lending information and bad credit mortgage loans for people with poor credit, reports that with February's worst single-day stock market decline since the days following 9/11, now may be an excellent time for potential homebuyers to be shopping for a home. The Wall Street news could prove a boon to homebuyers, and Richard Barrington suggests in his latest article that as T-Bond rates drop so could mortgage rates (http://www.mortgagecreditproblems.com/articles/bad-credit/california-mortgage-shoppers-wall-street-losses-may-be-your-gain.htm). With some investors nervous about the future of the real estate market analysts predict more stringent lending practices ahead, emphasizing opportunities for homebuyers looking for their first home loan.

According to a recent report from Credit Suisse, approximately 40 percent of the U.S. home-buying population faces stricter lending practices. The report adds that about one in five of last year's mortgages would not have been written using this year's standards. Highlighting the opportunity homebuyers face now is the fact that last month, when the Dow Jones dropped more than 400 points, the National Association of Realtors(r) reported that median home prices fell for the sixth straight month. This could be an ideal time for a first time homebuyer with a head for negotiation to be shopping for a new home. For more information, read Barrington's article on MortgageCreditProblems.com:

http://www.mortgagecreditproblems.com/articles/bad-credit/california-mortgage-shoppers-wall-street-losses-may-be-your-gain.htm

In a recent WallStreetJournal.com survey, 51 percent of economists polled said that they expect the economy to get better over the next 12 months. In answer to questions about recent subprime problems spilling out to the rest of the housing market, Richard DeKaser of financial holding company National City Corp said, "You can tell a lot of scary stories, but they're not broadly accurate." According to DeKaser and other economists only a small segment has been affected -- 33 percent of all homes are owned outright and 57 percent have traditional fixed-rate loans, according to the American Housing Survey of 2005.

Many analysts agree that housing prices will be flat or may decline, again highlighting existing opportunities for homebuyers looking for a first time home loan, and John Lonski of Moody's Investor Services said that, "Home sellers will be forced to accept lower prices in the spring."

MortgageCreditProblems.com is a primary source of mortgage lending information for people with poor credit history or a low credit score. MortgageCreditProblems.com connects borrowers with bad credit to lenders that are willing to give them credit despite their credit history and also offers articles on improving credit scores, refinancing with bad credit and debt consolidation.     

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