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Post# of 195530
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MisterEC

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MisterEC

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Re: dickmilde post# 40141

Sunday, 06/28/2009 4:02:17 PM

Sunday, June 28, 2009 4:02:17 PM

Post# of 195530
You can refinance IF the value of your home is high enough. Since many places are still upside down, you can not refinance. Buying a new place, a foreclosed home, then you get the artificial low rates in place.

My conclusion is the foreclosure problem is stalled out a bit, and very much still with us. Now the graph I post I have seen lots of places, but I do not know if it is accurate.
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