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February 07, 2008

Comments

Howard

Talk about catch twenty-two, seems to me the Fed is damned if they do and damned if they don't! The Fed has lost some of its punch economic realities set in. The 10 year note has become somewhat of the mortgage interest rate market. The typical long term investor wants no part of the shorter term market.

In Florida I think we have even bigger challenges to face. The ever tightening loan guidelines coupled with increased downward pressure on real estate values. The consumer needs to act if they even think they have the need. An appointment with their mortgage professional should be at the top of their to do list. I recently read that Zillow.com reported that that something like 70% of Americans believe their home value increased or remained the same in 2007. Are you kidding me?? The term reality presentation comes to mind!

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About Author

  • Robert D. Ashby
    was the first Certified Mortgage Planning Specialist in the state of Florida. He is also the owner of Solid Rock Mortgage Corporation in Pembroke Pines, FL and a pilot for American Airlines.

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