OK before you all jump on me for being a Obama basher look at the below chart and think about our current economic approach. The numbers do not lie. We are currently on a collision course with higher mortgage rates. It is not even a question of if but rather a question of when.
The graph does not lie. It clearly shows the impact on the Prime rate the Bailout Economic approach has and or will have. Do not get caught with variable second mortgage or credit line. Contact a Broker soon and take advantage of the current low rates before they are gone. Emerald Coast Invesments supplies me with great insight into the Mortgage Bond Market and seem to have it together. There is a link to there site in the blog roll to the right.