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Financial Markets Woes May Bode Well For Real Estate

September 15, 2008

The financial market uncertainty as typified by recent bank failings, sale of Merrill Lynch and bankruptcy of Lehman Brothers may send some investors back into real estate investments.  Great deals can be had in the real estate market right now and the trouble in the financial markets are exerting some downward pressure on mortgage interest rates which are presently at 5.75% for a 30 year fixed conventional loan.

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