This week we have seen a further shrinkage of outlets in the market with the failure of Indymac Bank. With there varied product line and construction funding they will be missed.
In other area’s I have found an outlet for 100% financing with no mortgage Insurance that is guaranteed by the Feds. It is a nice program for first time homeowners and people with solid jobs but no saving ability.
It seems that the market is actually getting a bit more active with more shoppers finding rental pricing as much as ownership pricing.
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