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Another mortgage myth busted Weichert Realtors In the past several weeks, there have been encouraging signs of life in the housing market. Both new- and existing-home sales rose in September, and the inventory of homes for sale decreased. These statistics are excellent news in and of themselves, but perhaps more importantly, they show that people still can buy homes.
Think of it this way: If buyers really couldn't get the necessary financing to purchase a home, as many people mistakenly believe, the number of homes sold would have declined. Instead, they rose, indicating that mortgage money is available, and busting another mortgage myth.
Posted: November 10, 2008
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