Loan Think

A 2% 30-Year FRM? Nahhhh...

Over the past few days U.S. mortgagors have caught a wicked case of 'Refi Fever.' Oh, but will it last? With Friday's bond market close several hours away one thing is clear: mortgage rates are no longer tumbling, which means anyone hoping for a 2% 30-year fixed rate loan can forget about it. But rates are still great. Now, if only the White House could convince Fannie Mae and Freddie Mac to loosen up on loan standards, which would allow more consumers to qualify. Of course, appraisers need to be a little more understanding as well, or so we hear…

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