The Wall Street Journal had an interesting article this morning that highlights the dilemma that many feel whether to buy now, while mortgage rates are low, or wait and hope that home prices drop further as mortgage rates rise. A few days ago I wrote a post defining housing affordability for any metro Atlanta ...
Monthly Archives: March 2010
Update on Georgia USDA Rural Housing Funds
In an earlier post I mentioned that USDA announced it was on track to run dry of funding by the end of April, 2010. And, although they have run out of funding before the year end before, it has never been so early in the year, which makes this year particularly different. So, if you ...
Is It Better To Lock In At A Low Rate Now Or Wait For Prices To Decrease?
The news media have been buzzing with mostly bad news about the housing market for the past couple of years; and from the looks of things they will not be stopping anytime soon. As a result, many prospective home buyers in my Atlanta market ask one basic question: is it better to buy a home now, ...
USDA Funding Set to Expire
If you are in the market for a Georgia USDA Rural Housing home purchase, then you will want to act fast. Lenders just received this notice today: This message is to notify you that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by the end of April, 2010. Once funding is ...