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Reply #13: I think this is geared towards regular buyers, not investors. [View All]

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all.of.me Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 07:47 PM
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13. I think this is geared towards regular buyers, not investors.
Investors lost a shitload of money when the market crashed. Most of them have disappeared. And for plain folks, they still have to come up with 20% down and jump through lots of hoops. Lower interest rates does not mean the market will be stimulated.

My understanding is also that these rates are for new purchases, not re-fi's.
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