Tue Aug-12-08 07:25 AM
Response to Original message 12. Ha! First Rec and a Great Good Morning to You, Ozy!
Last night I learned in emergency meeting that if you want a mortgage today, you can only expect a 5 year ARM. Evidently, nobody's prepared to go long on a mortgage in Michigan--not even 15 years, not even with 60% down and healthy credit.
If that doesn't speak about the state of the economy, nothing does.