According to Freddie Mac, the average 30-year, conventional, fixed-rate mortgage fell to a record low 5.00 percent in March 2009 from 5.13 percent in February 2009. A year ago the same time the rate was 5.97 percent.
Homes sales for March 2009 in recovering markets were higher than a year ago according to the National Association of Realtors because of the affordability factor and low interest rates as well as tax credits for first time home buyers. The Minneapolis, Northern Virginia, Las Vegas, Phoenix and the majority of California and …

Unemployment, bankruptcy and foreclosure are all around us. We see them in the headlines and we hear them on the radio. It is almost impossible to enter into a conversation in the modern era that doesn’t eventually touch on one or more of those terms as well. Obviously this breeds a great deal of despair as well. While some people may feel entirely overwhelmed during periods of financial recession and depression, and believe that such terrible moments are too difficult to manage, the great news is that an even larger …