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Author Topic: Housing set to crash even faster  (Read 405 times)

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Offline Matthew

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Housing set to crash even faster
« on: June 14, 2007, 09:39:05 AM »
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    • "Breaking News" on CNNMoney.com:

    30-year fixed-rate mortgages spiked to 6.74% this week, up from 6.53% last week, according to Freddie Mac.

    Which means that a person who could afford a $100K house a couple weeks ago can now only afford a $94K house -- which obviously will put (more) downward pressure on home prices.

    Matthew
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