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….
With expectations for millions of foreclosures, lenders have converted only 31,382 troubled mortgages for homeowners participating in an Obama administration mortgage assistance program from trial three-month plans into permanent, more affordable loans, the Treasury Department reported Thursday.