Housing Issues to Watch This Year at All Local Markets

Housing Issues to Watch in this 2010 New Year

 

Mortgage rates - The Federal Reserve has kept mortgage rates low this past year by committing to purchase up to $1.25 trillion in mortgage-backed securities.  Will that continue?

 

Fannie, Freddie and the FHA - Almost 9 out of 10 mortgages are backed by these US government giants.

 

Loan modifications - The Obama government has ambitious plans.

 

More loan resets - Will this be time of the coming wave of option adjustable-rate mortgages that will jump?

 

Income Tax credit and home sales - Sales were fueled last year because of the $8k tax credit.  How long will this market happiness go on?

 

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Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.  Irvine Realtor.  CA DRE #01410855.  ExploreProperties@gmail.com.  Tel. 949-854-7747.  

                   

 

see Wall Street Journal article - Five Key Housing Issues to Watch in 2010 - click here to see article.

 

 

Posted via email from Explore OC Homes