Below is a video interview from Yahoo Finance with analyst Gary Shilling. Shilling predicts that housing prices in the US will drop another 20% over the next three years. If his prediction is even close now is the time to refinance. Mortgage interest rates are currently near all time lows and with housing prices potentially falling further many US homeowners may not have enough equity to refinance to a lower rate in a few years. Contact us in the form in the sidebar to learn about which government-backed mortgage programs apply to you.
Comments Off on More reasons why the time to refinance is now: US housing prices may still be going down Posted by G.R.A. Admin on Wednesday, June 16th, 2010