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Wednesday, April 15, 2009

Mortgage Rates Nearly Unchanged – Have We Seen the Bottom of the Housing Market?

Mortgage Rates Nearly Unchanged – Have We Seen the Bottom of the Housing Market?
"...the difficulty lies in whether or not your mortgage is a Fannie Mae or Freddie Mac loan with private mortgage insurance (PMI). If the loan carries PMI, lenders may not accept those applications for the rate/payment reduction program, since those loans carry further issues...."
Reference: www.thechicago77.com

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