Mortgage rates are crazy!

Just the urls, ma'am.
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quantus
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Mortgage rates are crazy!

Post by quantus »

They're up more than .5% to over 4.5% in just a week and up a full 1% from last month or even early this month. That's going to put a damper on refi's, the housing market and the economy pretty fast :(

http://www.cnbc.com/id/100845777

I really hope the trend towards 5/1 ARM's is not true or we'll be back in another housing crisis in about 6-8 years.
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Dave
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Re: Mortgage rates are crazy!

Post by Dave »

Lies. It will only stir up the market further as people try to lock in before rates get back up to 17% like when our parents were buying!
It takes 43 muscles to frown and 17 to smile, but it doesn't take any to just sit there with a dumb look on your face.

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