mortgage: 2007 Mortgage Correction
- 10/11/07 01:56 PM
(BETHESDA REAL ESTATE) Dave Stevens, President of Affiliated Businesses, at Long & Foster wrote this excellent article on the current state of the mortgage correction... The 2007 Mortgage Correction and the Recovery Ahead
With the lowering of the discount rate by ½% the Federal Reserve took the first major step to lead the way in establishing a path towards the next stage of the housing cycle. The following will highlight for you the steps that created the current market climate and the reasons why we are poised for recovery in the mid-Atlantic markets. The beginning of the big change Since the peak in mid 2005, (3 comments)