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rent with the option to buy: Mortgage News You Can Use October 4th, 2007 - 10/04/07 02:53 PM
The hubbub over the sub-prime mortgage meltdown has abated a bit.  A month ago 151 major U.S. lending operations had imploded since late 2006.  In the last month the number has increased to 161 operations.  We have seen the Federal Reserve cut the Federal Funds Rate by .5% causing short-term rates to dip a bit and long-term mortgage to rise a bit.  The stock market has seen a new high in the last two weeks.  Jumbo rates had jumped up and have now moderated back down.  The Federal government is still debating on how to intervene to stave off a high … (0 comments)

 
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David Crisp

Ann Arbor, MI

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Ann Arbor Mortgage

Address: 2200 Green Road, Ann Arbor, MI, 48105

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