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| *Loan,banking and credit>>>loan rate |
Isn't lowering the Fed rate on loans now...a band aide solution...? |
,,,just delaying the misery till after the election? I don't know about the after the election part, but I do agree that it's only a band aid solution. The real problem is that there are still thousands of people out there that took out adjustable rate mortgages that have not adjusted yet. Most of these people are sub-prime credit and when the rates adjust and their monthly payments go up several hundred dollars a month there is going to be a problem. They are not going to be able to make the payments and they are not going to be able to sell their homes for what they owe unless the housing market really turns around in the next couple of years. I am afraid that we are only seeing the tip of the iceberg. Source(s): Finance Manager for over 7-years. |
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