Posted on April 2nd, 2008 by Bright Light
For homeowners seeking a quick way out of the housing crisis, the news isn’t very good for those with bad credit. Low rate mortgages are still around, but they are typically going to people with excellent credit and more stable backgrounds. Although in the past few years it was relatively easy to get a low […]
Posted on April 2nd, 2008 by Bright Light
Banks in Hong Kong reacted to the Federal Reserve’s interest rate by dropping their own rates, but they did not go quite as far as many thought they would. Asian markets, particularly for those involved in low rate mortgages, were hit badly after the announcement by Bear Stearns and although the Central Banks decided to […]
Posted on April 2nd, 2008 by Bright Light
Any hope that low rate mortgages would be made available is quickly dimming as the markets continue to slide and US mortgage rates go up. The interest rates for 30 year fixed rate mortgages went up to 6.13%, up from 6.03% the week before. Despite these increases though, the average still remains quite low. “However, […]
Posted on January 21st, 2008 by
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