Special offer

David Welch's Orlando Real Estate Blog Featured on Realtor.com

By
Real Estate Agent with Charles Rutenberg Realty BK645994

My Orlando Real Estate Blogwww.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.

www.DavidWelch.com, Orlando Real Estate Blog

Comments (1)

Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner
Chris Brown | Certified Mortgage Planners - Orlando, FL
Chris Brown 407.367.2974

David, as you know the LIBOR is a guage for what banks charge each other for borrowing money [London Interbank Offered Rate]  The EU is having just as much if not more problems as we are and banks are nervous about lending each other monies because getting it back is no longer a sure thing.  I too am curious though if it is an accurate representation of the marketplace.

 

have a good weekend.

 

Chris

Oct 10, 2008 06:41 AM