Are you one of those buyers that's “On The Fence” about buying a home in today's market? The most important thing you need to understand is how the $700 Billion Bailout affects you, right? Here are the Top 5 things you want to know about the Bailout

1. It will help to transform the mortgaged-back securities. This should keep access to capital for borrowers high and interest rates low. 2. We can expect to see conforming and jumbo conforming rates ($417K/$730K) should drop in the coming weeks by as much as a full percentage point. 3. It will improve confidence in the stock market, thus allowing investors to get back to realizing profits, which they in turn will re-invest in mortgages. 4. Credit will begin to flow again, which will bring new, qualified buyers into the market to take advantage of the real estate opportunities available. 5. The modified mortgages which the banks will be offering will allow many homeowners to restructure their mortgages and avoid foreclosure. If you are one of those buyers that's been on the fence, now is an excellent opportunity to realize dramatic savings on a home purchase before the market shifts, and we begin the next 'Up' cycle.

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