It's a wonder that all these experts are calling for a boom in refi's. How does that happen when the value of your property decreased by as much as 30%? So the only people that will be able to refi are those who either put more than 30% down or have owned their home for at least 5 years. IMHO
To bad that finding a bottom isn't like driving to a destination. Rarely if ever do you know that a bottom has been reached until you have. Are we there yet? or just going up 2% one day and down 3% the next. Stay tuned
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