Sunday, July 8, 2007

The mortgage scam continues

Big borrowers denied top mortgages

New borrowers started feeling the pich of subsequent IR rises, but apparently you can still get what you want... but on artificially low introductory rates, of course. But since "40% economists expect IRs have peaked" what do you worry about?

Posted by confused76 @ 09:48 AM (406 views)
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One thought on “The mortgage scam continues

  • “40% economists expect IRs have peaked”

    I don’t know why that’s supposed to be reassuring. It would be just as valid (and probably less misleading) to say “60% of economists expect further IR rate rises”.

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