Courtesy of WRCR.
The 30-year-fixed rate mortgage, the most popular mortgage product, is now hovering around seven percent. Vice-president of FM Home Loans in New City, Ann Zeilingold, says the rate’s been historically too low for too long…
Zeilingold says if house prices go down too fast that could indicate an economic depression. She can be heard here on “The Morning Show” every Thursday at 7:15 during her “Mortgage Matters” segment.