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Archives
September 2007
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A lot has happened in the past 30 days. FHA is under going
some huge changes. One of the biggest is a new program called
FHA Secure. It will allow people with ARM's (Adjustable Rate
Mortgages) to refinance their loan if they were current with their
payments during the ARM period prior to an adjustment. In
addition, the federal reserve just lowered their rate by 1/2
point. This doesn't necessarily translate into a drop in long
term mortgage rates, but will in the short term rates such as lines
of credit and other debt instruments tied to the short term lending
rate.
Visit my mortgage site at http://www.ventureloanapp.com
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