Lenders are back in the game!

The sub prime mortgage crisis brought underwriting standards back into the mortgage origination process. And while the final quarter of 2009's financial meltdown led to a sense that financing had dried up, mortgage funds are now available.

"If you have a job and can afford the payment, chances are you will qualify for a mortgage." says David Reed. a mortgage broker and author of Mortgage Confidential: What You Need to Know That Your Lender Won't Tell You.

Also noteworthy is the recent drop in jumbo mortgage loan rates and an up tick in the high-end of the housing market. The sector which was not bolstered by the $8,000 first-time home buyer tax credit is faring quite well. providing further evidence that the recent setback is simply a function of the market readjusting to the expiration of the tax credits.