3-14-12 Mortgage Update: Are FHA loans the better alternative?

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Homeowners Insurance Quote . The optimism in the market is putting upward pressure on rates this week. From the upswing in the stock market, Bernanke's testimony with the lack of mention of Quantitative Easing 3 (QE3), the lower than anticipated unemployment report and bailout of Greece, these factors are affecting rates to move upward. My position this week is two parts: lock if you do not have the time, but float into next week if you can spare another week. The reason why I split on this is because fundamentally our economy (as supported by Bernanke's tepid testimony to Congress last week) is not that much better to support the amount of optimism driving the markets. I think someone described Bernanke's testimony as 'ho hum' but the bond traders were looking for support for QE3. My topic this week: Are FHA loans the better alternative to Conventional financing? I address the pros/cons for the two for a buyer with less than 20% for a down payment and the common misconceptions most Realtors have regarding the length of time and repair issues. Quote of the week: Do not wait for ideal circumstances nor the best opportunities; they will never come -- Janet Erskine Stuart Have a great week and stay positive! Links: Steps you can take to boost your home's value money.usnews.com When Homeowners Insurance Won't Protect You money.usnews.com It may be time to buy, but is it time to sell yet? money.usnews.com The 11 reasons why people can't sell their home finance.yahoo.com The 5 New Rules of Real Estate ...

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