Exotic Mortgages at the Shore
From the APP
Snip...
"In Monmouth and Ocean counties, 27.9 percent of the mortgages used to purchase homes in 2005 were interest only, up from 18.5 percent in 2004, according to LoanPerformance, a subsidiary of First American Real Estate Solutions. Interest-only deals represented 17.1 percent of the mortgage refinancings last year as well, up from 10 percent in 2004."
Full article...
Snip...
"In Monmouth and Ocean counties, 27.9 percent of the mortgages used to purchase homes in 2005 were interest only, up from 18.5 percent in 2004, according to LoanPerformance, a subsidiary of First American Real Estate Solutions. Interest-only deals represented 17.1 percent of the mortgage refinancings last year as well, up from 10 percent in 2004."
Full article...
posted by Little_Silvered at 9:53 AM
5 Comments:
...clueless.
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IMF: More Fed rate hikes may be needed
Mon May 22, 7:03 AM ET
VIENNA (Reuters) - The Federal Reserve may need to continue raising interest rates depending upon how economic conditions evolve in the United States, International Monetary Fund chief Rodrigo Rato said on Monday.
You really need to get this blog some more visitors!
People at the Jersey Shore are still under the impression that "the market is not going to fall here - no, not here" Huge denial going on.
what's "Huge denial" if you think your home is worth 1 Million and you list it at that and no one buys it ,it's still worth a million to you ,so you just don't sell !
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