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re: Would you do 7/1 ARM or a 30-year fixed mortgage for a starter home?
Posted on 2/12/14 at 3:03 pm to hawkeye007
Posted on 2/12/14 at 3:03 pm to hawkeye007
quote:
the only place to go from all time lows is up!
quote:
after 10yrs
Let me ask you, what were they saying when you first joined the industry?
2
Posted on 2/12/14 at 3:14 pm to C
i joined in the heyday of subprime when i didnt know shite and sold loand of flash cards(true story). i am not saying % rates will be 8% in 5-7 years but i do see them in the 5.5-6% range. our crappy economy will keep them from sky rocketing
Posted on 2/12/14 at 4:31 pm to C
quote:
Let me ask you, what were they saying when you first joined the industry?
Interesting chart, I got a loan in 1997 when rates had dropped to around 6.5%, while mortgage shopping every broker told me I needed to lock in soon because rates would never be that low again in my lifetime!
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