I keep getting these stupid letters in the mail. I guess they think I’m too dumb to watch the news or something. The idea that “rates are still low” is also pretty laughable considering the interest rate I’m currently at.
Aug. 16, 2007, 10:09PM
By ALEX VEIGA AP Business Writer
© 2007 The Associated Press
LOS ANGELES — The credit mess forced Countrywide Financial Corp., the nation’s largest mortgage lender, to borrow $11.5 billion on Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to make home loans harder to get.
Countrywide said it borrowed the cash from a group of 40 banks so it could keep making home loans….