| T O P I C R E V I E W |
| ETMIDZT | Slash interests rate 3/4 of a point..... |
| Wayne Finch | Better late than never. Rates could be down to zero and it may not provide the relief needed in the credit or housing markets. And the stimulus package, while a step in the right direction, is not going to help much either. A $500 credit is going to make a dent for people were are down $100,000 on their house and are about to lose their job and cannot refinance. I am not a fan of government intervention, but a bailout of the monoline insurers would likely provide the best relief to the economy. This would relieve pressure on the banking system and allow the credit markets to function properly once again. This would allow businesses to access capital again, there would be more relief available to people trying to adjust their mortgages and loans and would lead to a rebound in financial markets. This would also provide confidence in the economy. Confidence is usually the largest factor dictating actions by busineses and consumers.
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| Gene | To anyone in this business.what will this do to people who have ARM mortage.I believe the increase and change to higher rates are to happen March-April 08. |
| ed monahan | Hurry up and refinance now. |
| Wayne Finch | I suspect that further cuts in rates are likely in the coming weeks. Another 25-50 bps short term and another 50 some time after that assuming we can keep a lid on inflation |
| Bob Miller | I agree, get ride of the ARM. If I'm not mistaken interest rates are below 6% for a 30 yr fixed. quote:
Originally posted by ed monahan:
Hurry up and refinance now.
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| Wayne Finch | quote:
Originally posted by Wayne Finch:
I am not a fan of government intervention, but a bailout of the monoline insurers would likely provide the best relief to the economy. This would relieve pressure on the banking system and allow the credit markets to function properly once again. This would allow businesses to access capital again, there would be more relief available to people trying to adjust their mortgages and loans and would lead to a rebound in financial markets. This would also provide confidence in the economy. Confidence is usually the largest factor dictating actions by busineses and consumers.
Someone was listenting. Rumours of a bailout of the insurers sent the Dow surging 600 points off of its low earlier this morning. Financial shares had very large gains today.
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| ETMIDZT | Sounds as though another Fed cut is right around the corner. |
