My Orlando Real Estate Blog, www.RealEstateOptimist.com is the featured blog on Realtor.com for my post on October 8th about the Fed. You can check out what I said by by going to www.Talk.Realtor.com. Just look on the left side under October 8th, and click on the link to my post. This is the second time I have been featured on Realtor.com's blog site. I have to say that I have already had a number of comments on this post on my ActiveRain blog site. You can see what other had to say by going to www.ActiveRain.com/RealEstateOptimist.
Speaking of rates, it is curious to me that the LIBOR is staying so high after all the central banks cut their rate to the banks. Could the banks be keeping it artificially high for all those borrowers with adjustable rate mortgages based on the LIBOR? Believe me, I am no conspiracy theorist, but it is suspicious that the LIBOR has not come down. Keep in mind, even with all the foreclosures and short sales, the vast majority of borrowers are still making their payments. If something does not happen with the LIBOR soon, I would be concerned about why it is really still so high.
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