Big Girls Don't Cry Over the Interest Rates Rising this Afternoon!

Melisa... I am a little late to the party.... but I wish I was here before the Feds met, because I would have disagreed with one comment above. I told many that I didn't see rates changing when the Feds met yesterday and I even talked about this in several of my posts. People need to understand that we can't just keep dipping into our own pockets per se to fix today's problems. Because if we keep doing this, these problems will come back in full force, and possibly worse in a year or so. We need to prepare for what will be happening at the end of this year. This is just my opinion.... but we have about 2 solid points to make up, from what was gained a week ago. They fall easier than they rise for the better, in most cases. If they come back anywhere close to what they were 10 days ago, I say it takes us at least 3 weeks. But anything could change any of this...  just my .02.

Melissa.... my bad... my comment wasn't in regards to what you wrote in your blog. I was referring to someone above me that comment, and that was the person that I semi disagreed with.  Overall, I agree with what you said. But one thing that you did say, that seems to me is too vague for the average consumer to understand. You said that rates should lay back down.  Down to what? When we hit our lowest peak 10 days ago, on Tuesday?  Or some where in between?  I am not trying bash.  But it's like saying, the sky will be blue at least 50 times this year. My odds are good, but when. In this case, how much better, if they lay down per se. I am not looking for perfection, but just letting people understand that so many people just put what ifs out there...  or vague statements. In your case, the vague rates statement in my opinion isn't as bad as those that pre-qual someone that in no way will get the loan. That's a whole other issue..  lol   Hey, have a good weekend and don't be a stranger.