SubPrime Crisis; Blame Game. Federal Reserve? Homeowner
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Federal Reserve does not control mortgage rates.
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Thanks for the video and work you put into it.
droper66 3 years ago
Your Welcome. I wish I had a bigger white Board so people could have read the board better. Thanks for watching. JR
tubitician 3 years ago
The Federal reserve Bank DOES indirectly control the interest rate on mortgages. Right now, for the first time in my lifetime, the interest rates charged by mortgage companies and the like are not going down in line with the feds cuts because the money that would normally be used in the mortgage industry is instead being used for commercial paper, and hedge funds. That's why oil went up during a time when 7 straight reports said are crude inventories were up. That's why wheat has doubled too.
tubitician 3 years ago