So, What Do You Think About The Mortage Rates Lately?

Did you know mortage brokers are urging buyers to snap a fixed rate as soon as possible because the fixed rates will be expirinig in 2008?

Did you also know that 20 people who are on fixed rate deals say the say they do not know how they are going to meet their prepayments once the current deal expires? This news was relayed by a survey from the Mortgage Monitor.

It is such a shame to see how so many, many people were, in my opinion, tricked, into purchasing a ARM home. Now, their mortgage brokers and the buyers are suffering. Fiver percent of homeowners are physically becoming ill about their possible home loss.

Because of this devestation to many homeowners, mortgage lenders are now being told to show their customers different products and competitive deals which could be pulled at short notice.

If you are one who was blessed enough to not be taught in this mortgage disaster, good for you. Now, it time for the mortgage industry to regroup and sell an honest loan to their clients so this mortgage meltdown will not occur again.

Mortgage