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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (96135)12/3/2007 4:26:31 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
<It's like a car loan. They want to figure out what monthly payment you are qualified for and then get you into a loan that is under that payment amount.>

I'd modify that slightly. They figure out what payment you're qualified for, then get you the loan that makes them the most money that fits under that payment amount.

BC



To: Sr K who wrote (96135)12/3/2007 4:28:32 PM
From: PerspectiveRead Replies (2) | Respond to of 306849
 
Since most evidently use LIBOR, the Fed cuts have done absolutely nothing to help with resets, now months into this fiasco.

Anybody know where one can get plots of LIBOR rates?

BC


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