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real estate news: Lehman , Merrill , Fannie , Freddie AND our real estate market - 09/15/08 06:19 AM
If 4 of the biggest companies in the world are in trouble that someone had to take action in order not to collapse the us Economy!!! Fannie and freddie were saved by the us government. Merrill was saved by bank of america, and now that Lehman Brother filed for bankruptcy , on my opinion , this is country is OFFICIAL in a recession . There are many other financial institution that will go down do to the leverage power that they had which at one point it was almost 35 to 1, they had chance with 1 dollar save to use
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real estate news: REAL ESTATE NEWS, INTEREST RATES ARE GOING DOWN!!!!!!!!! - 09/09/08 01:48 PM
After this weekend of the federal Government taking over the two big mortgage giants we are seeing an interest rate drop of three eight of a point and it will continue to go lower that is great news for all of us, specially for the new york real estate region, because that is where I'm working!!!!!!! If interest rate drop 1% from 6.5% that it was 2 weeks ago to 5.5 % that will help us to server better our clients because they could have a cheaper monthly payment or they could get a better home than the one that we were
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REMAX IMPERIAL
New Hyde Park,
NY
More about me
REMAX IMPERIAL
Address: 2033 jericho tpke, new hyde park, ny, 11040
Office Phone: (516) 355-9000
Cell Phone: (516) 359-6499
Email Me
THIS IS BLOG IS TO HELP ALL THE REAL ESTATE LONG ISLANDPROFESSIONAL BY PROVIDING GOOD INFORMATION AND TOOLS TO BE SUCCESFULL!!!
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