The one thing that sticks out to everyone is Falling Interest Rates… With all the termoil in the mortage industry rates are doing very well.  A lot of people are now qualifying for rates in the 5’s…  That includes some FHA canidates.

With the changes in the mortgage industry there are currently things that affect the rate you will receive that have not been around before.  Credit score hits are the #1 thing that are determining you to get the lowest rate, but not the only thing.  If your rate is over 6.5% or an adjustable now is the time to see what you qualify for to get that mortgage payment down to a rate and payment you will not have to touch for a very long time…