Archive for October, 2007
October sets record for ARMs adjusting
According to CNNMoney.com, $50 billion in adjustable rate mortgages will reset in October 2007, driving interest rates up. Some may jump as much as 50%.
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Housing Starts Slip to 14-Year Low. FHA may help.
Have you seen the rates lately? I still consider anything under 8-10% to be a bargain. We might not see the 3-4% days for a while, but look back many years and you’ll see 8%, 10%, 12%, and even higher! Here’s some recent information that I found….
The U.S. Census Bureau and […]Bill HR3648. The Senate-bound phantom income bill
Does having bad credit mean that you can’t get a loan? Of course not! Does it mean that you might have to put a little more effort into obtaining a loan? Maybe. Either way - you need to start somewhere and this may help your decision…
In a move to relieve some of […]