From DailyWealth
Second-Richest Man Says Mortgages Now a "No Brainer"
By Dr. Steve Sjuggerud
Thursday, October 9, 2014
Warren Buffett is the second-richest man in America today, behind Bill Gates. (He was the richest man in the world in 2008.)
He made his fortune through the financial markets. Buffett, to me, is the greatest financial mind of our time – if not ever.
Right now, Mr. Buffett says to get a fixed mortgage... Specifically, he calls it a "no brainer" today...
Mortgage rates have been falling again lately, and they're not far from all-time record lows:
"You would think that people would be lining up now to get mortgages to buy a home," he said at a Fortune magazine conference this week.
Buffett has been surprised about the speed of housing's recovery. He said it "has been slower than I anticipated." But he is not worried.
Buffett expects housing will recover, as it always does after recessions. He joked that inevitably "Hormones kick in, and in-laws get tiresome."
Read more from DailyWealth >>
Second-Richest Man Says Mortgages Now a "No Brainer"
By Dr. Steve Sjuggerud
Thursday, October 9, 2014
Warren Buffett is the second-richest man in America today, behind Bill Gates. (He was the richest man in the world in 2008.)
He made his fortune through the financial markets. Buffett, to me, is the greatest financial mind of our time – if not ever.
Right now, Mr. Buffett says to get a fixed mortgage... Specifically, he calls it a "no brainer" today...
Mortgage rates have been falling again lately, and they're not far from all-time record lows:
"You would think that people would be lining up now to get mortgages to buy a home," he said at a Fortune magazine conference this week.
Buffett has been surprised about the speed of housing's recovery. He said it "has been slower than I anticipated." But he is not worried.
Buffett expects housing will recover, as it always does after recessions. He joked that inevitably "Hormones kick in, and in-laws get tiresome."
Read more from DailyWealth >>
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