You can’t expect much help from the present economic condition. The rates of unemployment are reaching new highs almost every other day, thanks to the recession that seems to have put the economy out of order. The real estate sector has been severely affected by the current economic trend. This is evident from the number of real estate foreclosures that have taken place in the last few months. Experts predict that the commercial properties are the next to face foreclosures. The businesses…

The mortgage rates continued to remain low all the time since the housing market presented life signs and sent the probable buyers a message. The message was that if they want to purchase low, they will not be able to get anything better than the present rate. The buyers can opt for mortgage refinance if they find their existing mortgage rates too high.

As per the Bank rate national survey of large…