The stock markets made strong gains last week but the mortgage markets barely moved in the wake of the Treasury's "toxic asset" plan. After carving out wide trading ranges on ... Read More
The stock markets made strong gains last week but the mortgage markets barely moved in the wake of the Treasury's "toxic asset" plan. After carving out wide trading ranges on ... Read More
I just received a short note from a local mortgage broker, yesterday. In it, she reports an unlikelihood that rates will move downward very much, if at all..."last Friday, Jack Koskinen, interim chief executive of Freddie Mac, said that home loan rates are near the bottom and that any further decreases will be small."
After all, how much further can they go, and still allow the banks to stay afloat? With recent conditions the way they are, I doubt they could afford to remain in business if they GIVE AWAY mortgage loans...eh?
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