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Improvement In Mortgage Market Bodes Well For 2008 Housing

By: Huntsville Real Estate Expert Mike Manosky On October 19, 2007

Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®. 

Lawrence Yun, NAR senior economist, notes that widening credit availability will help turn around home sales.  “Conforming loans are abundantly available at historically favorable mortgage rates.  Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages,” he said. 

Read the full article here, and remember that the Huntsville AL real estate market is always changing from month to month and neighborhood to neighborhood.  For the most up-to-date information about Huntsville AL real estate, please call me at 256-508-0211 or visit MoveToHuntsville.com. Also visit HuntsvilleHomeHunter.com to receive automated emails of new listings that meet your criteria!

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