On September 30, 2011, the cost of securing home ownership and obtaining a mortgage could rise. FHA loan limits in Texas could see a drop from the current limit of $271,050. It’s very important to emphasize the impact this could cause to potential home owners – as FHA loan programs fit the needs of millions every year.
https://realtorparty.realtoractioncenter.com/site/Advocacy?cmd=display&page=UserAction&id=1653&v=16
While we have all enjoyed the purchase power that low interest costs have provided us; we
know that it will not last forever. Several key indicators will soon trigger the rise in rates.
http://www.bankrate.com/finance/savings/5-savings-strategies-before-rates-rise-1.aspx
Quanitative Easening may result in a continuance of low long term rates.
http://www.dallasnews.com/business/columnists/cheryl-hall/20101109-What-is-Fed-s-QE2-6107.ece
Many believe that the Fort Worth resale home market has hit bottom. Optimistically, those gurus may be correct. Be aware that the rock bottom prices may over correct themselves in a fierce fashion.
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