http://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenMon, 03 Nov 2008 11:02:29 -0000http://blownmortgage.com/2008/10/29/rate-cut-meh/#comment-3456426"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."Baltimore Real EstateMon, 03 Nov 2008 11:02:29 -0000http://blownmortgage.com/2008/10/29/rate-cut-meh/#comment-3384085While 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!<br><br>Jesse W.<br><a href="http://www.subprimeblogger.com" rel="nofollow">http://www.subprimeblogger.com</a>Jesse W.Wed, 29 Oct 2008 21:52:02 -0000