June 13th, 2007
Updated 9:42 AM PST — I found this article on Bloomberg. Subprime Crash Squeezes Out First-Time Home Buyers
RealtyTrac indicated May had a 90% rise in forclosures over last May.? These higher rates certainly will not help the housing market.
The longer the rates stay at these levels, the tougher it will be.? If those few buyers didn’t have their rates locked in, they are in for a big surprise come closing time.
-- By +Chris Duncan