Quote:
Originally Posted by Discuss Thrower
Not that I think anyone will be buying houses who aren't already in the position where they are immune from the depression, but it's looking likely mortgage rates will go up as lenders raise minimum FICO scores and thus will need higher yields to meet the bottom line.
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Wouldnt this decrease demand for mortgages (and therefore, keep rates same or lower)?
Mix in the tremendous amount of people who have lost their jobs - and the market for people who can qualify for a loan has drastically decreased over the past few weeks.......