A couple things to notice about the market...Regardless of what the media implies, the rates are still well below historical averages. Rates have actually dropped a little in the last month. For anyone thinking of a new house, don't wait for things to go back to 5.25%. A few years ago, rates were exactly where they are now, about 6.5%. That market started the refinance boom and people couldn't believe that rates were below 7.0%, especially the baby boomers who bought their first houses at 15%. The last thing you want to do is wait for rates below 6.0%. It may be another 40 years for that to happen. Get out and look for a house now. You are only paying someone else's mortgage when you rent.

Well, I've done it. I am doing something I have been meaning to do for a long time. The mortgage industry needs a good blog;-) More importantly, I need some place to write out advice for anyone that is getting a loan or even thinking about it. It's free advice, and it means you won't be hassled every day by loan officers or bankers. It is meant to educate, so you won't make a bad choice in the financing of your biggest asset. Let's see how this goes.