Thursday, July 26, 2007

Mortgage Troubles Even for "Good" Risks

From the New York Times: Countrywide Financial said Monday that more borrowers with good credit were falling behind on their loans and that the housing market might not begin recovering until 2009 because of a decline in house prices that goes beyond anything experienced in decades.

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Having trouble making your adjustable-rate loan payments? You may be able to refinance to a fixed-rate loan at more favorable terms than you're paying right now. Contact Charley Farley at Compass Mortgage at (603) 472-2272 for details.

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