After Black Monday
June 1, 2009 Real Estate, Uncategorized, economy No CommentsAfter the massive loss of value in mortgage-backed securities last week, mortgage rates are higher and borrowers are frantically wondering what happened to their interest-rate commitments. Many lenders were simply not making new commitments at all and the market is still unsteady. One thing is for certain, it’s not what the doctor ordered for getting houses sold.

