The Obama Recovery marches on!
With the Fed saying they are going ahead with pulling back on QE, it’s anybody’s guess how soon the market goes crazy.
Stocks were propped up artificially, bonds were kept low artificially, as were interest rates.
Bernanke will get the ax. We’ve already been told that. To his credit he wants to stop all his mad printing of money. So when a money printer starts to get worried, we know that good times are not gonna roll.
The reason refinancing is slow is because everyone is losing their jobs. Thank you Obama.
Awesome they can work as Obamacare navigators!
But, but they just reported that mortgage apps are up and so are home sales by 6.5%. Yeh thats the ticket. :-)
There will be more cuts; just hope I’m not one of them. The application numbers have dropped quite a bit.
Interest rates have been dropping since about 1983. There have been refinance flurries all the way. Rates would level off and even go up a bit; but then they would drop again.
I think that 30 year major move down is over. The industry has too much capacity.
“Did I do that?” pResident Urkel