We hear so much doom and gloom these days, I wanted to share with you information from one of our most trusted lenders, John Herzog CMB, Vice President/Regional Manager:

Last week was a very good week for interest rates and this week has begun on a positive note. It would appear with lenders applying better credit standards and underwriting guidelines that we are regaining the confidence of mortgage investors from abroad as well as domestically.

I am very encouraged that we have seen the bottom of the housing slump in Alabama and in fact we are at the beginning of leading the nation back to stability in the real estate markets.

Some areas of the country will continue to decline for months to come, but for the vast majority of America, and especially Alabama, activity and new loan applications are on the increase. Stay positive and have a great week.

If you are ready to take advantage of the bottom of the real estate slump and buy a Montgomery home while prices and interest rates are low, visit HatTeam.com or give us a call at 800-428-5239.

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