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21 Feb

Riches with Rentals is a dedicated to people thinking of investing in the simple lucrative world of properties and becoming business entrepreneur.
Lest face it, every riches person in the world will want to buy land or own vast properties everywhere.
That will be let for rentals. That where money is made. http://www.homerentalbusiness.com/

Bob Gilbert, GRI, REALTOR with Edina Realty

With current interest rates running right around 3.5% or less for a conventional, fixed 30 year mortgage, it seems unthinkable that the rate could ever be anywhere near 18.45% but that’s exactly what it was in October 1981.  Had it not been for a bounty of assumable (without qualifying!) FHA loans, the real estate industry might have ground to a complete standstill.    Could the rates ever return to such exorbitant levels?  There’s no way to tell.  The only thing that’s for sure is that the rates are currently at an all time record LOW.  There’s never been a better time, at least in the last 45 years, to purchase or re-finance a home.

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Posted by on February 21, 2013 in Uncategorized

 

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