Posted on Thursday, April 23, 2009
The good news is refinances are up by a whole lot from last year. Its good because we know the underwriting standards are making these new loans safer investments and the lower, predominantly fixed rates are making the homes more affordable for Americans. Hopefully more old fashioned refinances will eventually help translate to less foreclosures.
NO MORE CAHS OUT REFIs PLEASE - YOU NEED YOUR HOME MUCH MORE THAN A FLAT SCREEN TV