Lehman files for bankruptcy! This was a 158 year old company.
Freddie Mac and Fannie Mae in conservatorship!
Bank of America to acquire Merrill Lynch!
Greed does affect us!
Greed is what took these institutions down. They invested in very risky mortgage loans and those mortgage loans destroyed these companies. This is not the last we’ll hear of destroyed mortgage investors.
We have known for quite sometime that the waters had not settled and we were still in trouble in the financial markets. These announcements prove that correct. And rumors have it that there are more big fish ready to implode.
One example is AGI the insurance giant. They have to raise cash now or they will go under.
How can you benefit in these rough economic times?
With the fall of Freddie and Fannie it appears there is an opening for those of us with good credit and higher mortgage rates to refinance our homes. Mortgage rates are falling and the 30 year fixed rate looks to be headed to the lows of 2003 when we hit the lowest rates in 45 years.
Or
Buy a home. If you have to sell yours you may not receive the price you would have received two or three years ago but you will also not pay the price you would have paid two or three years ago. With mortgage rates dropping and home prices depressed it is the best time in decades to purchase a home.
You can take advantage of the greed of the past. Refinance or Purchase a home today.
Freddie Mac and Fannie Mae in conservatorship!
Bank of America to acquire Merrill Lynch!
Greed does affect us!
Greed is what took these institutions down. They invested in very risky mortgage loans and those mortgage loans destroyed these companies. This is not the last we’ll hear of destroyed mortgage investors.
We have known for quite sometime that the waters had not settled and we were still in trouble in the financial markets. These announcements prove that correct. And rumors have it that there are more big fish ready to implode.
One example is AGI the insurance giant. They have to raise cash now or they will go under.
How can you benefit in these rough economic times?
With the fall of Freddie and Fannie it appears there is an opening for those of us with good credit and higher mortgage rates to refinance our homes. Mortgage rates are falling and the 30 year fixed rate looks to be headed to the lows of 2003 when we hit the lowest rates in 45 years.
Or
Buy a home. If you have to sell yours you may not receive the price you would have received two or three years ago but you will also not pay the price you would have paid two or three years ago. With mortgage rates dropping and home prices depressed it is the best time in decades to purchase a home.
You can take advantage of the greed of the past. Refinance or Purchase a home today.
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