On a segment on CNBC Fast Money, the traders discussed how lowering mortgage interest rates could turn the housing market around. The correspondents argue that people are waiting to buy homes because they want lower interest rates, and until interest rates drop, there won't be any credit available to buy homes. One trader said the mortgage interest rates will fall to about 4.5 percent.
For more information please click the link: http://www.cnbc.com/id/15840232?video=958676733&play=1
lower rates dont pick up shit...
you still need a 720 credit score to get the same rates as you could get 2 years ago at a 620 credit score...
therefor the market will not pick up due to lower interest rates you fucking idiot ignorant jack asses.. pick up a book and read
MattC903 2 years ago