Is the Sky Falling in York, PA??
I know things don't look good, but please don't panic. Everything runs in cycles. Economies, weather patterns and on and on. We have seen better days and we have seen worse.
I believe the worst thing people can do in situations such as our newest financial mess is to panic and start pulling money out of their accounts. That will only make matters worse!
Believe it or not, it is still a good time to buy. Rates are low and there are tons of homes on the market! Just be smart with your money! Don't take the word of anyone that might tell you if you are approved for a mortgage or not without asking around. Get other opinions! Ask me or any other agent who we would recommend. We like to work with people who we trust and who have come through for us in the past. You might not really have a long lasting relationship with a mortgage lender, but we do. Our business depends on it!
So, be smart with your money and your credit. Credit remains VERY important!
Let me know if you have any questions or need help getting connected with a trust worthy lender.