GoFuckYourself.com - Adult Webmaster Forum - View Single Post - U.S. Fed cuts the rate by .25 points

Big Red Machine · 12-11-2007, 01:57 PM

I think keeping the rates low gives alittle breathing room to correct the situation. The banks definitely aren't going to be giving out NINJA mortgages anymore. The big problem I think is even if Bush froze the rates on the subprimes...the value of those houses are still 100k less than when they bought them. I spoke to a foreclosure specialist....he said theres going to be alot of "fires" next year. People will think their only way out will be insurance $

12-11-2007, 01:57 PM
Big Red Machine Confirmed User Join Date: Jan 2005 Location: XXXBigRed@Twitter Posts: 9,586	I think keeping the rates low gives alittle breathing room to correct the situation. The banks definitely aren't going to be giving out NINJA mortgages anymore. The big problem I think is even if Bush froze the rates on the subprimes...the value of those houses are still 100k less than when they bought them. I spoke to a foreclosure specialist....he said theres going to be alot of "fires" next year. People will think their only way out will be insurance $ __________________ ICQ:475437214