Amid all of the negative news on the economy there is a great opportunity out there for those ready to take advantage of the situation. Contrary to popular opinion, mortgage companies are still in business and have money to lend. The rates right now for a 30 year conventional loan are around 5.5%. This is a great rate! Take advantage of this opportunity and you could decrease your monthly payment significantly.
Please let me know if you need a referral to a professional mortgage professional. I work with many who will be able to help you navigate the loan process with ease.