Last week was a busy week, and being busy, I neglected an important (for me) anniversary. This blog, Illinois Mortgage Rates and News, turned 1 year old last  week. One year is not a long time. One year old babies still can’t speak and crawling is usually the favored form of locomotion. On the other hand, thousands of blogs are born every day, and most of them only last a post or two before going down for the count. Based on that standard, we are close to middle aged in blog years. Well, maybe not middle aged, but we are well past the crawling stage and moving along quite nicely.

There have been a lot of changes in the mortgage industry in the year since this blog started. The mortgage implosion was underway when we started last December, but it picked up steam and moved from the housing market into an infection of the general economy. Housing prices have plummeted and the security markets are in a state of constant stress. There is no doubt that these are challenging times.

But challenge means opportunity, and with home prices at their lowest point in years and interest rates bumping against their historic lows, opportunity abounds. Right now we are in the midst of another refinance boom, and even as fear rules the market, first time home buyers are seeing the opportunities and coming out of the woodwork looking for bargains. But to take advantage of these opportunities people need to understand how the system works and how to position themselves for success. Helping home buyers and home owners understand mortgages and be able to make the right decision for their situation, has been the mission of this blog from the start.

If you have been a regular reader, thank you. If you are new, please stick around. My goal is to provide the information you can’t find elsewhere and help make sense of a crazy, crazy mortgage and real estate market.

So thanks again, and happy birthday to me….

Illinois Home Mortgage Rates and News             First time home buyer loans

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