… Mortgages that is! Yes for the first time in history interest rates on a 30 year fixed rate mortgage is under 4%. The only problem is banks are holding on to their money with a real death grip! There are buyers who want to buy and they have their 20% down, and under normal conditions, qualify for a conventional mortgage, but at this time in history we have banks not lending so they can keep the money in their kitty. Seems to me we need banks to loosen up first in order to get national housing on the right track.
Come & Get ‘Em
, Friday, October 07, 2011