Posted on April 2nd, 2008 by Bright Light
For those seeking to open a new franchise, the only option for many right now is to take out a flexible mortgage. This may be a problem for some who are concerned about rising interest rates and banks tightening up their lending procedures. Many consumers don’t feel comfortable getting a flexible mortgage, particularly with all […]
Posted on April 2nd, 2008 by Bright Light
As the news on the housing crisis gets worse every day, spurred on by defaulting flexible mortgages, many are left wondering just how bad things are going to get. From what the experts are saying, the worst is not yet over and the bad news could continue for at least two more years.
Former Fed Chairman […]
Posted on April 2nd, 2008 by Bright Light
Despite recent studies showing that flexible mortgage rates have not been budging despite cuts by the Fed, their latest cut should have more of an effect on rates. The short term interest rate for flexible mortgages is now down to 2.25% and it is hoped that banks are going to follow suit and drop their […]