Mortgage Credit News – September 25, 2009
Long-term rates are again approaching four-month lows, 10-year T-notes just above the magic 3.28% level; break that and low-fee mortgages will cross just under 5.00%. If that blessed moment should arrive, do not wait for lower, or expect sub-5.00% to last more than a few hours: surviving mortgage lenders will yell, “Now!” to a few […]