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A recent article by Realtor Magazine indicates that home loan demand was up by 7.5% in the last week of August. This should not be suprising considering the dropping prices of homes. The law of demand is hard to escape. As prices of a commodity fall, the quantity purchased of the good will increase. The tremendous opportunities will continue for the months to come. Fannie Mae is reporting 9% of all mortgages are either delinquint or in default which is an all time high. Our market will continue to wok through the depressing impact of the forclosures and for those in a position to purchase, the deals will continue to roll in. If you or someone you know is thinking about buying a home or investing in real estate, give us a call.
[ ..More About Fenton Mortgage Volume Up, Rates Down ]
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