Thread: If the Fed Lowers rates again ....
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Old 08-23-2007, 04:39 PM
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yes that is true a lot of people bought homes they could not afford. But if the FED lowers rates they will still have those homes, and it will only put of the inevitable. Or will it?

What it would do is give these people time to get the mortgages refinanced and into a fixed rate loan.

I really don't think the Fed rate has that much to do with it any longer. It is just being used as an excuse. The mortgages are written to "adjust" maybe someone should tell them that could also mean down and NOT just up.
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