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Loan Modification

: Mortgage Lender Implode-o-Meter

First-time buyers aid home market, but what will happen after credit's end?

By Implode-Explode Heavy Industries

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"It?s not just the tax credit that has first-time home buyers such as Watt and Arnold dominating the spring housing market. Interest rates are hovering around 5 percent on a 30-year fixed-rate mortgage, and home prices in many markets have fallen to levels that make purchasing as affordable as renting."

Full post as published by Mortgage Lender Implode-o-Meter on April 19, 2010 (boomark / email).

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