Re: Current State of Loans
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The junk mail loan solicitations that we get at our small business are way down.
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This is true -- a year ago I was getting two dozen offers a week for mortgage products. Now it's almost zero and the few I do receive tend to be home equity offers from one of the banks I do business with.
I still get credit card offers by the bushel - when those dry up I'll know the credit crunch is very real.
OP: Like it was said above, if you're ready to buy (good credit, good cash flow, etc) this is a pretty good time. Interest rates are still relatively low, housing prices have stabilized in a lot of markets or even declined. Just don't plan on flipping your property in six months for a big score, those days are over most everywhere - for now.
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