Mortgage Rates Bound to Rise This Year - 01/27/10 11:54 PM
The Federal Government has spent nearly a trillion dollars over the last year to keep mortgage rates low. As of March 31st that participation will end undoubtedly sending rates higher. The imminent increase in rates coupled with the expiration of the up to $8000 tax credit for home buyers and ever rising foreclosures are all likely to spell trouble for the housing market for the rest of 2010 and most likely well into 2011. Add on the further changes to mortgage qualifications, higher required down payments, less people gainfully employed, the expiration this year of the tax cuts, and it may be a couple of presidential elections … (2 comments)

 
Pete_shrader2

Pete Shrader

Savage, MN

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Renters Warehouse

Address: 8160 County Rd 42, #300-245, Savage, MN, 55378

Cell Phone: (952) 292-0285

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Fill your rental properties in about 17 days. No fees upfront, no cancellation fees. We warrant our placed tenants for up to 9 months!


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