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Mortgage Broker News | 09 Sep 2015, 08:11 AM Agree 0
Brokers may be disappointed if this big bank’s prediction about the rate announcement comes true – but here is why you shouldn’t be
  • kac | 09 Sep 2015, 05:41 PM Agree 0
    in reality the lower the rates go the tougher it is and will be to be approved for mortgages,the feds will surely implement more stringent guidelines to access mortgages,the winners will be the chartered banks who will still make it very easy to access loc's and auto loans and visas which is their bread and butter and the monolines will remain as they currently are gate keepers to mortgage funds,the equity lenders will have a lot of quality covenants to deal with in heavily populated municipalities and the individuals that live in outlaying area's and that have little equity will continue to be absorbed with the easy credit to get which is the unsecured until they run out of lenders to dish them out this credit.

    The economy sure seemed to do a lot better when rates were higher and the majority of consumer debt was that of secured debt.

    just my opinion of course.
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