by Venture Out

Created on: January 30, 2008   Last Updated: July 24, 2009

Currently, it has been noted that NAR, "The Voice of Real Estate", is actively promoting FHA loans, making it more affordable and possible for thousands of Americans to make a First Time Home Purchase.

With NAR's involvement, the government legislation has been and still is taking action by dropping interest rates in the mortgage market to help more Americans purchase including those who need to refinance. This includes Americans who opted a few years back choosing the sub-prime mortgage and/or the variable rate 80/20 loan.

The anticipation is predicted to see over 130,000 Americans will purchase their first home, going FHA, where they put less money down, have a lower rate and seek seller closing credit request. Additionally, NAR also anticipates close to 200,000 Americans being able to refinance their homes and/or save their current homes.

The object is to focus on remaining close attention to the mortgage industry. While doing so, this will explain the current housing market and the market conditions in every state.

At this current time, we saw a serious drop in the interest rates because these efforts have been taken into action. In my opinion, this will change the housing market to the extreme.

I strongly encourage that everyone stays up to date on this information by doing the proper research through NAR (National Association of Realtors). NAR has provided statistical information along with publishing their findings, predictions and opinions based on stats, for everyone in this industry along with the real estate consumers and home owners to read. Rather then listening to economist in the media, who continue to differ their "opinion" and make it a part of politics, research, read and comprehend the actual statistical facts brought forth by NAR.

Buyers and home owners, we are in a strong buyer's and refinancing market. Pay close attention to the interest rates, the housing market is in process of being saved. This is what we call a "shifting market".

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