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Loan Modification

: Mortgage Lender Implode-o-Meter

Why America stopped buying homes

By Implode-Explode Heavy Industries

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"The number is so low that it looks like a statistical aberration: let?s hope it is. Because if it isn?t, the news is gruesome. It means that despite record-low mortgage rates, people aren?t able to buy houses: essentially all the benefit from those low rates is going to people who already own their homes and are taking the opportunity to refinance."

Full post as published by Mortgage Lender Implode-o-Meter on August 24, 2010 (boomark / email).

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