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Mortgage Broker News | 19 May 2015, 09:15 AM Agree 0
A highly influential rate forecast is offering great news for brokers, but also a little bad.
  • Darr Robbins | 19 May 2015, 09:45 AM Agree 0
    With labor participation rate, median household income, average hourly work week at historic lows and falling combined with debt levels at all time highs, any suggestion that the FED will tighten in a debt fueled economy is preposterous. The caveat is credit spreads blowing-out triggering a de-leveraging cycle.
  • Mortgage Guy Geoff | 19 May 2015, 09:46 AM Agree 0
    Aye aye aye...another day, another bunch of supposed "experts" with predictions. Whatever.

    All the noise, all the conflicting opinions about what's going to happen or not happen is way more damaging then the eventual reality itself. Not to mention the self-fulfilling prophecy nature of most comments. (What's the easiest way to hit a light pole when driving? Concentrate on doing everything you can to avoid hitting it.)

    Lets all individually look at whatever data makes sense to us, form our own opinions, and advise our clients accordingly. If we're not capable of such rational logical thinking then shame on us for even being in the business in the first place.
  • Darr Robbins | 19 May 2015, 09:59 AM Agree 0
    MGG, what you're saying makes sense but please follow-through. What data makes sense for you, what's your personal opinion, and what are you advising accordingly?
  • Mortgage Guy Geoff | 19 May 2015, 10:43 AM Agree 0
    @Darr...respectfully, that's exactly what I'm talking about. The last thing anyone needs is to have me and every other broker spitting out our theories/predictions - that ship is already overcrowded. My clients are well aware of my thoughts about the current and future market conditions and they are free to listen or ignore as they see fit.

    Thanks though...its flattering that you are inviting me to share. I just don't think it would help the situation at all.
  • Mortgage Guy Geoff | 19 May 2015, 10:47 AM Agree 0
    Oops...sorry @Darr...I see now that perhaps you thought my comments were directed at you. Not at all, and I regret any offense. In fact your comments seem well thought out. (From the timestamps it looks like we may have been writing our initial notes at the same time.)
  • Darr Robbins | 19 May 2015, 01:29 PM Agree 0
    MGG- No offence taken and thank you for thinking about it.
  • Jesse D | 25 May 2015, 09:08 PM Agree 0
    Economists all need to get a job.
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