With interest rates inevitably on the rise, and "ARM" breaking foreclosures do you think the re-market will...
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I think that the government programs backing the mortgages are going to allow the banks to hold out for more money than in the past. In the 80's when real estate went into decline as interest rates rose, prices of properties eventually went down. I don't see that happening as readily now. The government worked to shore up banks and lending businesses.
I may see a same decline in homes in the next two years, after that I think prices will be on the rise again.
Matt
http://www.diversifiedlender.com...
http://www.homemortgageminnesota.com/...
http://www.refinance-second-mortgage.biz...
http://www.minnesota-mortgage-rates.net...
I think the market is turning... and foreclosures are on the increase. Yes ARM rates increasing and exotic interest only loans are certainly partly due.
Now the time is to invest in foreclosures
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