Mortgage Rates at Lowest Point Since 1971
by Mortgage Rates on Tuesday, September 14th, 2010 | 6 Comments
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Mortgage Rates at Lowest Point Since 1971
30 YEAR FIXED 4.00% REFINANCE NOW
August 1 ,2010
GOVERNMENT-MORTGAGE-RELIEF
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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”.
Filibuster EVERYTHING republicans.
you want a house where you can get your money’s worth out of it in around 10 years…why the hell would you get a 50 year loan? you probably won’t even live that long
you want to know how to buy a house and make it a profitable investment? you take the price of the home and divide by the average cost of rent in that area and then see if you can actually get your money’s worth out of it …so if you have a 300,000 dollar house and you’d normally pay like $1000/month rent then it’d take you 300 months to get your money’s worth out of it…hardly a good investment…so based on that, like 95 % of houses are not even profitable investments
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.