This morning's headlines in The Business Report were welcomed news in the midst of recent Nation of Assocaiton Realtor headlines that sales of previously occupied homes dropped to the lowest level since 1995 overall in the nation:
NAR President Vicki Cox Golder,in Tucson, Ariz., said there are great opportunities now for buyers who weren't able to take advantage of the tax credit. "Mortgage interest rates are at record lows, home prices have firmed and there is good selection of property in most areas, so buyers with good jobs and favorable credit ratings find themselves in a fortunate position," she said.
And in Louisiana, our state has initiated a bond program to keep the supply of lower down payments available with rural development loans and the recent first time homebuyer bond programs. If you qualify, there is a Home program with a 2.95% 30yr fixed rate and downpayment assistance.