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View Diary: Seismic mortgage market event today (80 comments)

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  •  Where I live 'starter homes' are still (4+ / 0-)

    in the 400s. The prices have come down a bit, but not fast and furious like in other parts of the country. People who are buying now still rely on ARMs simply to afford month-to-month in the short term. These are people with good credit and maybe a small downpayment.

    This information cannot leave this room. Ok? It would devastate my reputation as a dude. Relentless!

    by ablington on Thu Mar 06, 2008 at 11:06:32 AM PST

    [ Parent ]

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