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north carolina home loans: History is Being Made in Mortgage Lending - 03/06/08 12:23 PM
If you are interested in purchasing a home - you want to know what rates are doing - and what you should watch, right?  Well, for the last 20 years I've been telling people it's pretty easy to figure out what's going with rates, because we are in a cyclical business that THRIVES on bad news in the Economy.  I tell folks, "it's like a hospital - business is good - everybody's sick.  Look for bad news in the economy to drive rates lower."  (because very few of my clients are looking for a HIGHER interest rate).
So let's test that … (6 comments)

north carolina home loans: Why I think Rates Will Go UP! - 01/11/08 04:40 PM
So the Fed announced that they are thinkin' about maybe lowerin' their rate at the end of the month. That's nice.
Here's My Concern With It...  They are lowering rates because the housing market is still tanking in many areas of the country (not mine thank goodness!) and that means fewer taxes collected... it's a BIG DEAL, don't get me wrong.
But just because the Fed lowers by .75%... Do not get sucked into believing that mortgage interest rates will go below 5.5%! How soon we forget! FANNIE AND FREDDIE are starting to add their "special fees" to borrowers with less than 680 credit score!  … (8 comments)

 
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Cary, NC

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Steve Thorne NC Mortgage Experts

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

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