Albany, New York (PressExposure) February 09, 2012 -- There are clear signs that the economy is improving. However, there are some signals that will be misinterpreted and will be cited as negatives, particularly in the housing market. And, even though housing will probably not be leading us out of recession this time, things are getting better, albeit slowly.
Many individuals and families are taking advantage of all-time low interest rates by refinancing their home loans in order to reduce their overall monthly outlay. NY mortgage companies are reporting much increased home mortgage refinancing activity, while at the same time inventories of new homes are at their lowest point on record.
Obviously this needs to improve to help the economy work more efficiently. Mortgage-Backed Securities which play a role in the sale of mortgages are healthier than they appear. Financially today, it is believed that the underlying collateral backing mortgage backed securities is strong, which means that for over the next two to three years, at least, there should be no further mortgage meltdowns.
As we move through 2012 and beyond we believe that a proper well informed home purchase still is the American Dream. New York mortgage specialist stand ready to help borrowers understand what products are available and how to best qualify for them. First time home buyers have an excellent opportunity to take advantage of a "buyers market" which will afford them the chance to but more home. Foe sellers, the next 18-24 months will be a challenge for meeting sales expectations, but that should improve.
First Rate Funding Corp is committed to our personal approach to working in the Albany NY home mortgage market. As a mortgage broker, we provide individuals and families looking for a new home loan a comfortable, relaxed, and hassle-free experience, from the mortgage loan all the way to the closing. We will work hard to find the best mortgage package to fit each applicant. We work to help people get a home mortgage loan in New York area as well as the tri-state area and nationally. For more information on how our mortgage specialists can help you, visit http://www.firstratefunding.net.