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Mortgage rates drop

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Uploaded by on Jan 17, 2008

Jan. 17 - There may be some relief for home owners who can refinance, but the housing market remains weak. Mortgage rates dropped to their lowest rate in 2 years. While this may allow some borrowers to trade their adjustable rate mortgages for fixed rate loans, many who are most in need of relief will not be able to refinance.

Bobbi Rebell reports.

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  • DO NOT READ! A little over 20years ago a 12 year old boy was playing with his basketball in the street on Acto Street, NJ. Some teenagers who were drag racing on motorcycles weren't paying attention and ran him over and killed him. it is said that if you go on Acto Street, turn off your car, and blink your headlights 3 times you will see the figure of him bouncing the ball. Now that you have read this you must post this on 4 other messages in the next 10min, or you will die in an auto

  • 30 yr fixed under 417,ooo , 1 point,( if you qualify), 5.25%...Rates just fell significantly!!...I can write mortgages in 38 states....send me a message, we can do a free evaluation and see if you qualify for a beneficial refinance.  It is a golden time for refinancing.

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