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What's the hold up with these low rates...
Hello,  your Red Headed Mortgage Guy, Dave offering some interesting information.
I got this from one of my news sources that I found as an interesting read...ENJOY!
 What is the agent/broker on the street saying? "The bigger problem that continues to persist is the expectancy of rates to drop.  Last week after the meeting that is all you heard about. ‘Bernanke was a genius.' ‘This will make the banks have to lend.'  The banks do not give two hoots.  They are calling their own shots and probably laughing as they got what they wanted and no one regulated them.  Now they still cannot drop rates because they are under staffed and cannot handle the volume. The big banks tell us to kiss their behinds because their books are more important than saving our economy.  We should have let some more of the big banks tumble.  This would have at least left some fear in the banking system that no bank is to big.  So we are left with tons of people trying to refinance to save money and all they hear on a continual basis is that rates should be getting lower and we are left to tell them, no because the banks are ... more

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