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Historically low interest rates

Whatever Happened To Interest?

Cash is a wonderful thing. It may be true that it can’t buy love or happiness, but it sure is useful when it comes to groceries, gasoline and mortgage payments.

Real median household income, says the Census Bureau, reached $49,777 in 2009. That’s 5 percent less than households earned a decade earlier, in 1999, when they typically took in $52,388.
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Adjustable or Fixed — Which Loan Is Best For You?

In recent months mortgage rates have plummeted and plunged to depths rarely seen.

“Fixed-Rate Mortgages Lowest on Record,” said a recent Freddie Mac news release.

If you’re a borrower the news on the mortgage front has only been good. There can’t possibly be a mortgage shortage when rates are in the dumper — low rates have to mean the supply of cash is outstripping loan demand.
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Roundup: What’s Hot on Future Military Homeowners

Twice a month, we’ll do a roundup of the most popular stories on Future Military Homeowners and toss them all together for you. So, if you missed an article or two or haven’t been by in a while, here’s what you missed:
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Featured Author

Peter G. Miller

Peter is a nationally syndicated real estate columnist and mortgage expert. He is the author of seven books and has appeared in broadcast and print interviews with leading media including Oprah, CNN, the Today Show, National Public Radio and The New York Times. Peter was the creator and original host of the AOL Real Estate Center and a past editor of RealtyTimes.com. Today he hosts OurBroker.com, a leading source of real estate news and opinion.


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