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Bay Area Mortgage Crunch

August 11th, 2007 · No Comments

SFGate. com writes, It’s going to be harder - and more expensive - to get a mortgage. Turmoil in the mortgage markets has caused increasing problems for home buyers in the Bay Area. Simply put, less money is available for mortgages.

The credit crunch comes at a time when Bay Area homes already are changing hands at their slowest rate in 12 years.

Read more at http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/08/09/BU3IREG2E.DTL

Tags: Mortgage

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