Tuesday, December 16, 2008

Mortgage market news

Housing prices here have finally fallen to the point where I could afford to buy something worth buying. Only problem: Nobody will lend money with less than 10% down and a 740 credit score. And I can only managed 5% down at the moment.

Sigh. Six more months of scrimping and saving before I can afford to buy...

-- Badtux the Unhoused Penguin
(who is sick of apartment living).


  1. If you're eligible, try USAA.com. Last time I looked, the rates were at 4.87% - may still need that larger down payment, but the mortgage interest rates are trending downward.

  2. dont you need a FICO score of around 1,000,000,000 these days as well


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