Do you have a sub-prime mortgage? Will interest rates go higher than prime mortgages?
Posted by admin | Under Uncategorized Tuesday Aug 19, 2008
absolutely
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absolutely
References :
No.
Anyone who bought a home within the past few years, and was stuck with a variable rate of interest, will probably have to abandon that home now that it's value has dropped, and the mortgage company wants to tack on more interest.
I pity those who had to buy in the last few years of a dizzy wild ride.
Nobody knows how bad it can get.
References :
I suggest you do a search on the term subprime mortgage.
The answer is so obvious as not to have necessary to even ask.
References :
Subprime rates were higher than prime rates before the issues with Wall Street, so nothing is new with that.
References :