Detailed text transcripts for TV channel - MSNBC - 20120112:19:47:00
The prices of homes and the cycle continues. we know price will go down further this year, not as much as before, but they will. we know there's already over 28 million people under water meaning they owe the bank more than their home is worth. as prices go down further, that number will increase. we know that's number one reason for foreclosure and default. we have three to five million people behind on payments. >> we understand the fixed rate mortgage has fallen to a record low of 3.89%. that would be a great opportunity for people if they have the money and can afford to get a new home. >>...
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