2008 - wow how time flies - this June will mark my 30th anniversary in the mortgage market. Times sure have changed - and unfortunately now, the consumer is being told to use mortgage brokers then go back to their institutions for matching - this is frustrating since we do the work and the lender - knows its approved so they match the rate and scoop the file. It would appear that simple common decency is disappearing in our society - certainly a shame.
In any event - rates rose prior to Christmas on the fixed side from 5.79-to as high as 6.14 for 5 year money. Is this to slow the Christmas rush and allow lenders to drop rates back to where they were and look like heroes in the new year ....??? time will tell.
gold is skyrocketing - oil is skyrocketing the US dollar is sinking - nothing lasts forever but dont stand in the way of a runaway train. If you have debt call us to reifnance, lower payments and batten down the hatches - now is the time to plan to reduce your debt levels
greygoose out.........
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