Saturday, December 22, 2007

Merry Christmas and Happy New Year

From all of us at Covenant Mortgage - Have a Merry Christmas and a Blessed and Prosperous New Year -

This has certainly been an interesting year in the mortgage industry. What will 2008 look like? That is an important question and here are a few predictions -

1. Housing prices will begin to stabilize in the fall of 2008.
2. Interest rates will be slightly lower this time next year - good news for those of you with adjustable rate mortgages or Home Equity Lines of Credit.
3. Helpful, Secure mortgage products will move back into the market

Rich