Jerry Clifford's Articles in Real Estate - ABC Article Directory | Submit Articles | Article Search Engine

Jerry Clifford's Articles in Real Estate

Show All\|Display Category\|Title\|Newest\|Oldest
Rising Mortgage Rates Do Little to Build Consumer Confidence Last Wednesday, the rates for 30-year fixed-rate mortgages rose from 5.46% to 5.70%. Not such a big deal, you say? According to FTN Financial, that little jump will cut the number of borrowers wanting to finance, in half. The number of home owners seeking refinancing has also decreased. According to a representative from J.P. Morgan Chase & Co., "A rate of 4.75% "seemed to be the switch" that turned on refinance activity, he says. Now, rates are a full percentage point higher." Real Estate and Racism How do we go about it? Well, there's always the cold stare and the icy, “I beg your pardon?” There's the, “That's offensive and I don't want to hear it or anything like it again.” And there's even, “I'm sorry you feel that way. It doesn't look like this business relationship is going to work out.“