Tuesday, December 30, 2008

California's budget issue hits CalHFA loans, GMAC weighs in on restructured loans - uh oh

Is it a safe bet to say that, rates in the short term will be choppy as the market adjusts to all this news, but then slowly trending lower Somewhat but the downside is limited, since short term Treasury rates are already near 0%. Yes, mortgage rates seem to be taking a pause in the high 4's or low 5's, and given historical rates should be lower. And there continues to be that pesky problem that in 2008 the darned borrower and property actually have to qualify to make their payments¦ And

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