Looks like things have calmed down a bit, and hopefully Buyers will take advantage of this before the next storm hits. Over the last two to three weeks we have been seeing a lot of volatility in the market and as a result we saw a major upward movement in the interest rates. Prior to that it was changes to the Underwriting Guidelines for many of the Loan Programs, especially Fannie Mae and Freddie Mac. FHA saw some change as well in particularly to effort that were made to make the $8,000 Tax Credit available prior to Closing. The end of last week and so far the beginning of this week we are seeing things calm down a bit. We have not seen any major changes to the Underwriting Guidelines for a few weeks now, and interest rates opened up lower today, and hopefully have reached a happy m...
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