Home mortgage financing good news
Interest rates are finally starting to really improve again. We will see what happens once the Mortgage Plan is announced Wednesday. The Stimulus and TARP $ should continue flowing to MBS (Mortgage Backed Securities) which should continue to benefit rates. For those considering refinancing, you better get your application in soon. For those considering locking; it appears that the time to do so is close at hand. San Diego real estate agent
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In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments
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Although the foreclosures may have plateau, the correction still has a little ways to go. Sorry, fundamental values stand for SOMETHING and are really your best bet against big losses.
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Property prices are only beginning to tumble. They will stabilize when they finally hit or surpass equilibrium value as determined by their P/E Ratio.
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