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Receeding stock market, rising unemployment and downsizing, war on terror, devalued currency, high energy costs, land development projects grinding to a halt, new presidential administration on the way following a controversial and unpopular one...what is this the 70's?  

Don't fret...interest rates are at a fraction of what they were in the 70's, cities and neighborhoods have no where near the crime they had in the disco age, there is no Cold War, and no Japan on the rise to take over the corporate lending industry and buy up American property and the consumer market share (they already did that and now they're worse off than us!).

What does all this mean if you are looking to buy a home?   Good things! 

If you happen to be fortunate enough to have a job, steady income and a solid credit score....there has never been a better time to buy. The cheapest money you will ever borrow exists right now and as Federal bailout dollars continue to be absorbed into the credit market, aided by falling interest rates, there will be a mortgage product available for every budget...every budget that is creditworthy this time around!