Sales of existing homes unexpectedly rose in February, but remain near
historically low levels, according to an industry report released Monday.

A combination of lower interest rates and government efforts to free up
credit could result in a flood of homes being put up for sale in the coming
weeks.

The past week indeed has shown some glimmers of hope for real estate.

Mortgage rates tumbled after the Federal Reserve on Wednesday announced
plans to buy up mortgage debt in a move hoped to instill confidence that
banks issuing home loans will have somewhere to sell them.

Earlier in the week, building permits and housing starts for February were
far above analyst estimates, another sign that some confidence is returning
to the housing markets even as home prices drop and sales continue to lag.

All positive signs going forward. The one negative is it's harder to get
that mortgage, industry average is 4 out of 10 applications are now turn
downs. New South Federal Savings company wide average is only 1 out of 10
are turned down. That with our many loan programs not offered by other
lenders should be reason enough to call. Add my 20+ years of experience and
you have a strong partner for your mortgage transactions. Our loan programs
include:

FHA and VA  -  203k Renovation Loan or Streamline (k) Loan (great for
buyers of foreclosed properties in need of some work)
Rural Housing  -  100% no MI product with unlimited seller contribution
Good Neighbor - (50% discount given off of list price of home if they buy
where they work) teachers, fireman, EMT's and police officers
Successful Rewards  -  97% LTV, one loan no MI
HUD $100 down program
Manufactured Homes and Modular (off frame)
Conventional Loans
Commercial Lending -  Starting at $100,000 to no limit