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.
Mortgage rates are crazy!
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quantus
- Tenth Dan Procrastinator
- Posts: 4891
- Joined: Fri Jul 18, 2003 3:09 am
- Location: San Jose, CA
Mortgage rates are crazy!
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.
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.
Re: Mortgage rates are crazy!
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.