Why is it that no situation how much the feed cuts interest rates, the mortgage rates don't really vary?
The fed is about to cut rates again, expected to walk to 1%. But no matter what the fed does, the bottom strip mortgage rates remain the same. when they do go down by let say 0.5%, the bank finds other ways to cahrge the soul applying for the loan by all sorts of hidden fees.
So my ask is aren't they trying to help by making home buying more affordable and decrease the number of foreclosures?
Answers:
Because you and I are among the heaps unpeople in the United States. If you don't make significant contributions to politicians (or graft) you are unlikely to receive much benefit from them.
Over the recent past 30 years, your real median income has decline drastically, while those making over $250,000.00 per year are making more and more each year. The Bush years have be very rewarding if you are on top of the income stack.
The wall street bail out is helping the rich. It is not designed to relief everyday people. The loans are to banks which assist corporations, but don't help people who cannot qualify for a loan. They are not long-term. Mortgages require long-term commitments by someone.
Related Questions:
Do you chew over that interest rates on mortgages will run down again?
Why do mortgage interest rates progress up?
Mortgage rate sheet - anyone??
Predicted Mortgage Rates?
When do you contemplate 30 year mortgage interest rates will jump fund above 5.5%? 6%?
So my ask is aren't they trying to help by making home buying more affordable and decrease the number of foreclosures?
Answers:
Because you and I are among the heaps unpeople in the United States. If you don't make significant contributions to politicians (or graft) you are unlikely to receive much benefit from them.
Over the recent past 30 years, your real median income has decline drastically, while those making over $250,000.00 per year are making more and more each year. The Bush years have be very rewarding if you are on top of the income stack.
The wall street bail out is helping the rich. It is not designed to relief everyday people. The loans are to banks which assist corporations, but don't help people who cannot qualify for a loan. They are not long-term. Mortgages require long-term commitments by someone.
Related Questions: