The term “mortgage meltdown” has become so common — on TV, in headlines and in casual conversations — that you might assume that this is a tough time to get a mortgage.
But the reality is starkly different: Mortgage money is plentiful; the majority of mortgage products remain relatively unaffected by troubles in the subprime segment; and interest rates for 30-year, fixed-rate loans remain in the low 6 percent range for people with reasonably good — not necessarily perfect — credit records.
Real Estate Search
Search for new homes, condos, and other real estate in Washington, D.C., Maryland and Virginia.
City:
State:
Price Range:
To
TOOLBOX
Resize Text
Save/Share +
Digg
Newsvine
del.icio.us
Stumble It!
Reddit
Facebook
Print This
E-mail This
COMMENT
No comments have been posted about this item.
Comments are closed for this item.
Discussion Policy
Discussion Policy
CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain “signatures” by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Even interest rates on jumbo loans — those for more than $417,000 — have fallen after spiking this summer.
The main change over the past several months is that “the products and underwriting that allowed people to buy houses they couldn’t afford have disappeared,” said Ted Grose, president of 1st Mortgage Advisors in Los Angeles.
Nonetheless, lenders …
