With all the recent news about mortgage loan problems and home values
expected to decline over the next year and a half or so, why are adds like
the following still appearing:

"Refinance at 5.7% Fixed! $300,000 mortgage under $799/mo. All credits OK.
Get 4 FREE quotes! www.lendgo.com"?

$799/mo pays little more than half the interest on a $300,000 loan at 5.7%
let
alone any payment on principal. What's the game here - some sucker thinking
the home is going to appreciate at a rate greater than the interest rate so
you can still sell after a few years and break even or buyers who don't look
past the advertised terms to see what they're really getting?.