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April 17, 2008

Today Marks the Move Up a Notch

A quick glance at mortgage ratesheets this morning and the best 30 year fixed rate with zero origination is now at 6%.

Don't expect to see below six anytime soon.

Some more news from the front lines; several refinancing transactions I was working on for long-time clients this month have fallen apart for the same reason.  FALLING real estate prices.

Just another ripple of this mess.

www.BrettGrendahl.com

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