Ventura County Lender Mark Ferguson, Real Estate is looking Up

Mark Ferguson says,

In the August 12th meeting the feds decided again to hold rates steady near historical lows. Also, in the minutes they mentioned they would hold rates steady for the foreseeable future. This is great news for buyers and refinancers.

In other good news, lenders are slowly easing requirements – especially in the Jumbo Loan arena.
Sales throughout the southland have picked up dramatically. In fact, June marked 12 straight months sales were higher than the prior year in the San Fernando Valley. The inventory has dropped 51.6% from June of 2008. With historical lows in new home starts and with the population rising, there is growing evidence that prices will level and begin to rise in the near future. This all helps with interest rates and the easing of credit policies.

mark@progressivelenders.com

Mark Ferguson

Progressive Lenders, Inc

2909 Ocean Drive

Channel Islands Harbor, CA 93035

Ph 805.984.6395 x13

Fx 805.984.7256

Cell 818.439.6238
www.mrsdockside.com for all your Real Estate Needs

Posted By: Kim Dolan- Ventura County Real Estate Agent - Specializing in Ventura County Boat Dock and Beach Homes

(805) 341-4495.

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Ventura County Beach Homes Boat Dock Realtor, Channel Islands Harbor, Mandalay Bay, Mrs Dockside Real Estate, Seabridge Real Estate, Ventura County Real Estate

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