Is the Lending crisis over?

Is this Lending crisis over?

No, but there are several positive signs. Here's an article from Realtor Magazine:

This week, actions by both houses of Congress to reform FHA programs, and the Federal Reserve to decrease interest rates, should make borrowing more affordable and money more available, Combs says. “With reduced housing prices and increased housing inventory, interest rates that are near historic lows, and now with Fannie’s and Freddie’s increased ability to lend, we may see positive movement in the housing market,” said Combs.

The timing is still perfect for those that qualify and have an investor mindset. For those without great credit or assets, now is the time to be working hard to get that fixed.

All the best
Marc

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