Thread: If the Fed Lowers rates again ....
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Old 09-07-2007, 07:38 PM
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Maybe but the rates CAN go higher than the current fixed rates. I know of mortgages that are today at 15%. These were good loans when they started out. The owners cannot refi now because the home will not appraise for what is owed against it. In many cases even after the initial 20% down payment when the home was purchased.
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