One of the problems with rumors of cheap mortgages is a stall in the market while folks wait for the lower rates.... read below...
The L.A. Times, San Jose Mercury News and Seeking Alpha are reporting Treasury Department rumors of a forthcoming 4.5% fixed-rate 30-year mortgage. At this point we don't know if the rumor is an intentional Treasury Department leak or is one random riff from the loose lips of a sloppy bureaucrat at the happy hour bar. Go to the Forbes.com Blog to read the rest of the story...
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