2011-04-21 — washingtonpost.com
"Sales of previously occupied homes rose slightly last month to a seasonally adjusted pace of 5.1 million homes a year, the National Association of Realtors said this week. But the March gains were driven by a rise in foreclosure sales to investors. Even with the increase, home sales remained below the 6-million-homes-a-year pace considered healthy by most economists."
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MortgageDrummer at 04:28 2011-04-22 said:
[size=18:fba70362d3]It's simple with the rates this low the risk is to high...They can't make enough money in case of a default... so therefore....if the rates continue to stay low for the consumer.... the banks simply are reluctant to lend... and you guys will continue to pull your hair out and underwriting will never sign off... There is simply not enough interest charged to out way the risk![/size:fba70362d3] Permalinkadd a comment | go to forum thread
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