




|
Find CA real estate agents and San Francisco real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
Theoretically interest rates were lowered to stimuate the economy. IMHO, the wrong "number" is being lowered. It used to be pretty much anyone with a 600+ FICO could get a loan. Now I can understand that people with FICOs way below 600 having difficulty getting a loan and they definitely shouldn't be getting 100% financing. Anyone who hasn't been able to save 5% (or have other assets or excellent credit) doesn't have what it takes to make a huge mortgage payment. In the Bay Area, most mortgage payments create huge payment shock. But I digress...