Housing Market Finds Footing

Source: USA Today , Mortgage Master, Inc

According to USA Today there is more good news from the housing market! "Mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing, according to figures from the Mortgage Bankers Association."

This is the kind of ground swell that the housing market has been needing, and the market is certainly getting plenty of help. The cost of money or loans is at absolute record lows. In addition the devaluing of neighborhoods has brought homes across the board affordable to a larger group of potential buyers. Buyers are getting maximum bang for their buck.

Are you a potential buyer? Now is the time to find out! This market will not last forever. Hopefully it lasts until summer or fall, but interest rates will go up, thus increasing the cost to borrow.

First, you need to know your credit score YourCreditCompany.com can help click here. Next, you will need a mortgage lender, again YourCreditCompany.com can help click here. Maybe you need some credit rehab help, don't worry we can help click here.

Best of luck! Don't for get to look into the First Time Home Buyer Tax Credit! The market turns as more of us get involved in it.

Matt Kemper
YourCreditCompany.com