Mortgage rates fell this week to the lowest level on records dating to 1971, giving consumers added incentive to lock in low payments for home purchases and refinanced loans. (June 24)
Another reason is lenders want a 700+ credit score to give a loan. They used to "ignore" medical bills now they include those.
If you have a credit score of less than 700 the rates go up. if less then 650 it almost triples. If less than 620 they won't even consider you for a loan.
Well there it is folks...the economy is in the tank and "double-dip" will be a fond characterization of what's about to happen. I figure King zerO and his Court have until Jan 20th next year to impose a socialist oligarchy on us, so the race is on. zerO's plan: Ride America into the ground in the interest of "social justice".
Story today on BusinessInsider(dot)com titled Goldman: Sorry, Housing Prices Will Keep Falling For Two Years
Why buy a house that is worth less in two years? Interest rates will need to start paying people to buy a house. Wall Street, the Federal Reserve or federal gov do not want house prices to be reevaluated - lowered. Once this happens the entire house of cards (American economy) with implode. We don't make anything in American that anyone wants to buy anymore. Depression is a certain.
Mortgage Rates at Lowest Point Since 1971
30 YEAR FIXED 4.00% REFINANCE NOW
August 1 ,2010
GOVERNMENT-MORTGAGE-RELIEF
SHORTSALE1000
88888FORCE
1-800-270-2928
shortsale1000 1 year ago
Another reason is lenders want a 700+ credit score to give a loan. They used to "ignore" medical bills now they include those.
If you have a credit score of less than 700 the rates go up. if less then 650 it almost triples. If less than 620 they won't even consider you for a loan.
kantwinnada 1 year ago
Well there it is folks...the economy is in the tank and "double-dip" will be a fond characterization of what's about to happen. I figure King zerO and his Court have until Jan 20th next year to impose a socialist oligarchy on us, so the race is on. zerO's plan: Ride America into the ground in the interest of "social justice".
Filibuster EVERYTHING republicans.
wideawake123 1 year ago
Story today on BusinessInsider(dot)com titled Goldman: Sorry, Housing Prices Will Keep Falling For Two Years
Why buy a house that is worth less in two years? Interest rates will need to start paying people to buy a house. Wall Street, the Federal Reserve or federal gov do not want house prices to be reevaluated - lowered. Once this happens the entire house of cards (American economy) with implode. We don't make anything in American that anyone wants to buy anymore. Depression is a certain.
highlanderhillfarm 1 year ago