Remove 2004 Remove Inventory Remove Loan Officers Remove Marketing
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Opinion: Why we need a mortgage rate reset

Housing Wire

In the early ’80s, rates were above 18% for a fixed-rate loan. Most people paid those loans for 30 years, on time. Refinances were not marketed then like they are today, nor were they the norm for a homeowner. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan.

Mortgage 424
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Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. in April 2004. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. He simply didn’t have the extra stores of cash to outbid those who did.

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article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. in April 2004. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. He simply didn’t have the extra stores of cash to outbid those who did.

article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. in April 2004. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. He simply didn’t have the extra stores of cash to outbid those who did.