have we hit bottom in the housing market: Have we hit bottom? - 07/16/08 08:13 PM
This is my 3rd cycle through the real estate market. I got into the mortgage business in 1982 when a "good fixed" rate was 12% with 3 points. I got to watch the crash in 1991 when the bubble burst in housing and all of the Savings and Loans collapsed.
History seems to repeat itself. We had a sub prime market in the late 80's and early 90's and the same thing happened. Borrowers, who should not have gotten a loan, got a loan and then defaulted on it. Just like what we are seeing today
However I am seeing a couple … (5 comments)

 
Robert Staab (Northeast Bank nmls# 509659)

Robert Staab

Brunswick, ME

More about me…

Northeast Bank nmls# 509659

Address: 18 Pleasant St, Brunswick, Me, 04011

Mobile: (207) 712-7303

Office: 2077741426 ext 3118

Email Me



Links

Archives

RSS 2.0 Feed for this blog