The Economy, Condominiums, Rentals..Can I get the Loan?

First, due to a variety of factors, we've been in a falling interest rate market since Christmas of 2008. Slow economy, war, low inflation, higher unemployment all contribute to low rates. “Bad news” Is “Good News” for mortgage rates. The more negative the news is, the lower the rates get. The current market rewards those people who keep their debts low and their credit scores high. It penalizes those with less than stellar credit. Why do you hear "Loans are harder to get?" Part of it is the reasons just stated..other reasons are tighter lender restrictions for loans that are just off center of the standard owner-occupied, single family dwelling in a suburb. Properties that fall into that category are condominiums, investment properties, certain second homes, and homes that for whatever reason are in a neighborhood, where values are declining, rather than increasing.