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Once Burned, Twice Shy? - 11/01/08 11:38 AM
I was listening to NPR this morning and a financial person of one kind or another was expressing his idea that lowering the interbank rate was a bad thing, as that would encourage the kind of bad loans that got us into this credit mess in the first place. I know a few lenders, and they are now, at least here in Minnesota, MUCH more careful about qualifying buyers. Underwriting has undergone a sea-change, and lenders know enough to be careful. Me? I'm glad rates may go even lower. There are plenty of buyers for whom a lower rate will be enough to
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Jim Scheller - ABR, SRS, e-Pro, GRI
Mankato,
MN
More about me
Bridge Realty - Mankato
Address: 122 South Riverfront Drive, Mankato, MN, 56001
Office Phone: (507) 344-5200
Cell Phone: (507) 317-0177
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