by Osman Parvez
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I don’t normally delve into politics (at least not on this blog) but the Bush administration just unveiled a scheme to freeze mortgage rates for five years on those with adjustable rate mortgages. Although some will argue the positive implications for the housing market, I’m not in favor (to put it mildly). It’s a huge bailout for borrowers who got in over their heads at the expense of everyone else. It will also be detrimental in the long run to the normal mechanics of the housing cycle.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
