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Politics : Politics for Pros- moderated

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To: the_wheel who wrote (282906)	12/3/2008 10:39:28 PM
From: Maurice Winn	1 Recommendation Read Replies (2) of 793859

So the suckers who took 30 year mortgages turned out to be the losers, paying higher prices for a few years and now missing out on the new, lower, adjustable rate mortgages. <The plan, which is in the development stages, would use mortgage giants Fannie Mae and Freddie Mac to bring loan rates down as low as 4.5%, a full percentage point lower than the prevailing rates for 30-year fixed mortgages. > Alan Green$pan was right as usual - he said to take the variable rate mortgages. So those who got through to now will be rewarded with OPM on a grand scale. Mqurice

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