As we started Monday Morning most of American's were enjoying an American holiday off. The World started to turn upside down. The words of a ression has loomed since the begning of the holiday shopping season and for some reason. The European and Asian Markets Plunged to all time high's on a day that should have not been different than the next. As we start to see the numbers from some of the financial companies we see ourselves destined for the chance at a huge down spiril of econimical proportions. Hearing of this News sometime mid-afternoon, in most of America. American's were trying there hardest to figure out what was going to happen here the next Morning. As we all heard. NEWS Flash. FED HAS CUT THE RATE .75 bases points.
What Does that mean for our industry?
As the FED lowers the rates and price's seem to stand still, we could very well see a correction very quickly in the American Economy.
What we need is for the Lending Instatutions to come out with a Streamline Mortgage Rate for every home owner.
NO Matter what.
If we allow the people who have lates or no lates. And there FICO's didn't matter for this 1 time only.
We would have less forclosures
More Affordable Mortgage Payments,
And people would spend money.
Just a Thought.
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