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Millionaire Now! by Larry Nusbaum

This blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth".

RISKY LOANS BY STATE

Posted on 10/05/2006 08:57 AM | Link | Post Comment



FROM MSN MONEY: Risky home loans by state. Have fun..... http://www.millionairenowbook.blogspot.com/  

Mortgage applications jump in latest week as interest rates stay down, from the USA TODAY, reports that applications for home mortgages jumped last week by 11.9% from the previous week as mortgage rates remain low. The application level is the highest since January. Long-term, 30-year fixed-rate mortgages averaged 6.24% last week, up slightly from 6.18% the week before but still substantially below recent highs in July. Pending homes sales also rose 4.3% in August, the first increase since May, the National Association of Realtors said on Monday. The refinancing boom continues, as the refinancing share of mortgage activity last week increased to 46.7% of applications, the highest since February 2005.

Now read:
Ouch! Your house payment just doubled
Big, fat surprises are ahead for about 20% of homeowners: Their complicated, often-risky adjustable mortgages are going to soar as introductory interest rates expire. - Nothing new.

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