Real Estate Talk

Wednesday, March 14, 2007

It's getting risky out there

Not sure how all the stock market and mortgage issues will impact future home sales but it's a bit dicey these days. More and more foreclosures are coming on the market, there's a lot of concern these days.
http://www.washingtonpost.com/wp-dyn/content/article/2007/03/13/AR2007031300505.html

If you have an ARM that's about adjust it's a good time to refinance if you can. The bottom line is don't get in over your head. It will have long term lasting consequences.

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