DISQUS

Blown Mortgage: Rate Cut? “Meh.”

  • Jesse W. · 1 year ago
    While cutting rates should help the consumer, it might ultimately hurt because companies issuing credit are going to get much more strict because they are the ones that will be losing money!

    Jesse W.
    http://www.subprimeblogger.com
  • Baltimore Real Estate · 1 year ago
    "Meh" is a pretty good way to describe the reaction Frank. Of course, now that we know GDP shrank .3%, with expectations that the 4th quarter will show more "shrinkage," (and leading to the dreaded "R" word), it's hard to say how consumers will react. More telling for the mortgage world, there were days last month when Treasuries declined while 30-yr. mortgage rates actually increased....seemingly "out of whack."