Thursday, December 15, 2005

Mortgage rates Just Won't Rise

I said it before and I'll say it again. The man behind the curtain does not have the power to tell who the banks must loan money to. The shifting of bank's perception on who is the better credit risk - homeowners or business.

More money is available for home loans purchase than the buyer could possible use, and to keep the banks from making the mistake of loan that money to Worldcom they will slash the rates for the home buyer.

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