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FHA Mortgages Makes a New Home Affordable in St. Louis

http://www.myfhamortgageblog.com

It has been a long time since I was able to make this statement; if you are currently renting you can buy a new home and not have your monthly mortgage exceed what you are paying in monthly rent. Two factors are contributing to creating a very affordable housing market for first time home buyers, FHA interest rates are at historic lows and the median home prices in St. Louis, St. Charles and Jefferson County continue to go lower. Every month I am doing an ever increasing number of first time home buyer mortgages, in the St. Louis area just under 65% of all homes purchased are first time home buyers utilizing FHA financing. The amazing item that I find in nearly all borrower cases is that the difference between the new house payment and what they were paying in rent is nearly the same, sometimes a bit lower. This includes a house payment for principal, interest, taxes and insurances, the whole enchilada!

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Dr Who's picture
Created by Dr Who 4 years 11 weeks ago – Made popular 4 years 11 weeks ago

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2

Bernanke confident can keep U.S. inflation at bay

http://www.reuters.com

"We are quite confident that we can raise interest rates, reduce the money supply and do that all in a timely way to avoid any inflationary consequences," Bernanke told the House of Representatives Financial Services Committee as he delivered a second day of testimony on the Fed's monetary policy report.

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Dr Who's picture
Created by Dr Who 4 years 22 weeks ago – Made popular 4 years 22 weeks ago

Category: Business   Tags:

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