Reality:
Collapsing commercial real estate markets and commercial loan crisis just beginning, highest foreclosure rate in history and accelerating as it moves up into the 250k and up home price range, home values have fallen as much as 30% more in many areas as a result of HVCC (thanks Mr. Cuomo) and unemployment above 10% and this does not include those that have been out of work long enough to lose their unemployment benefit, and the dollar at its weakest in recent memory.
CNBC/government/big business fantasy:
Yet the market topped 10,000!!!, “we are out of the recession/depression”, banks are making record profits with added fees and the taxpayer bailouts, quite a few people are driving new cars that won’t be paid for for 5-7 years (and they can return it if they lose their job, whewwww! that’s a relief! Thanks again US taxpayer) and the dollar gets weaker as world confidence in US investments continues to falter.
Let us be one of the first to say: without further artificial market manipulation by the government which you and I will ultimately pay for, mortgage interest rates are going to rise in the near future. So take advantage of a refinance or new home purchase. You are paying for all of this economic success in our country, why not take advantage of it. Your bank and your neighbor with new car have.
Can you say “Jimmy Carter/15% 30 year fixed rate mortgage”. Probably not because most of us were somewhere between diapers and grade school and had much more inportant issues to concern ourselves with.
We are closing loans in as little as 3 weeks. Call to find out how.
“Mortgage Lending is Our Business: Customer Service is Our Passion.”
Stay tuned and stay in touch with your mortgage professional. Thank you for the opportunity to serve you. David. 919.851.0999.
