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To: Michael Collings who wrote (70075)5/23/2001 10:02:06 AM
From: Horgad  Respond to of 116762
 
Mortgage rate have stayed above 7% during the rate drops, but CD rates have been dropping. So people are being encouraged to put their money elsewhere while at the same time banks are making more money on their loans.



To: Michael Collings who wrote (70075)5/23/2001 12:09:11 PM
From: Tom M  Respond to of 116762
 
I've noticed the radio refinance commercial I've been bombarded with the past couple years, has changed from offering to loan you 125% of the value of your house, to only offering to loan 100% of the value of your house. This after the last regular Greenspan "banks prepare for a crash" announcement. Not crying wolf this time? dunno...


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