92.7% of ALL Mortgages in the United States are CURRENT! - Orange County Real Estate - Sub-prime lending crisis

While this headline won't sell many newspapers, it is the truth...

In fact, the "sub-prime mortgage crisis" refers to a small portion of sub-prime mortgages. These sub-prime mortgages represent only a fraction of ALL mortgages - and the vast majority of even sub-prime loans are CURRENT.

• 92.7% - Percentage of U.S. Mortgages that are current.
• 13.2% - Percentage of U.S. Mortgages that are sub-prime.
• 76.8% - Percentage of sub-prime mortgages that are current.

While crisis may sell newspapers, we prefer to conduct our business based on market realities for Orange County, California. My clients are enjoying historically low mortgage rates*. Credit worthy buyers are easily finding attractive mortgage packages with my lending partner, Bankers Funding, an affiliate of Wells Fargo Home Mortgage.

If you've been considering selling or buying a home, call me at (949) 278-4807 and let's take a look at the facts and decide whether now is the right time to buy or sell your Orange County home.

If you like numbers, check out the Federal Housing Finance Board and their Historic Summary Tables.

www.OCBeachBlog.com

*Source: Bankers Funding LLC an affiliate of Wells Fargo Home Mortgage.