All the news about stopping foreclosures is confusing home buyers. How long is it going to last? Until the election is over. Then it will be back to normal. The bank foreclosure procedures will have had a review, the election results will be in and foreclosures will resume.
What buyers should be looking at right now are prices and interests rates! Interest rates are the best bargain ever and potential home buyers should really look at the 15 year amortization payments. Rates are in the mid 3’s; you can’t go wrong!
Don’t buy a home without comparing the benefits of a 15 year mortgage payment with the 30 year payment.
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