I keep reading and hearing about the Federal Government considering more stimulus. Are you kidding me?
Folks we are talking about interest rates that are at levels that are insane. Is the FED really thinking they are going to get more people to buy more homes or refinance more properties?
OK, there are a few that are waiting for interest rates to go lower, but anything that is stimulating interest rates cost every tax payer money that we shouldn't have to pay. Look, I have spent the majority of my business life in the mortgage business. I have seen mortgage rates in the mid-teens and we are thinking rates in the 3 or 4% range isn’t low enough, that is insane.
Check out this article for more information:
Mortgage Rates Fall Back as Some Wait to See Stimulus 08/30/2012 By: Tory Barringer
Joe Petrowsky, Right Trac Financial Group, Inc.
860-647-7701 ex. 116
