Friday, November 21, 2008

Mortgage Update

Ann Arbor real estate mortgage update.

November 21, 2008 -- The drumbeat of bad economic news continues, and grows louder. In other economic periods, this would often be accompanied by sliding fixed mortgage rates, but in the risk-averse and panic-market world of 2008, that's simply not the case. Mortgage rates remain stubborn, reflective of the ongoing troubles in housing.
We saw a slight dip in rates this week but expect more movement and a larger dip in the weeks to come.
Sent wirelessly via BlackBerry from Rick Richter

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