Thursday, March 24, 2005

Urgency In The Mortgage Business

Fear and greed are the motivators in todays housing market. And from this report at Realty Times it is hard to know which emotion is ruling the day. "Don't wait ten minutes," to lock in a rate, one mortgage broker told a customer waffling on a refinance this week."

In the column titled "Mortgage Market Seeping Blood", the writer took the undecided to task, suggesting that "heel-dragging home buyers, along with procrastinating home owners considering refinancing, could really begin to see red."


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