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How Will The Buyout By Washington Affect Things Like House Rates And L


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Posted

Just wondering what you people think about the buyout and things like home loan rates since I'm looking to buy a new house. A few weeks ago when I met with a loan guy the rate was 5.875% I think and the other day it was like 6.35%. Will the rate rise or drop with the buyout plan from Washington? And how will this effect the whole home lending process?

 

The big wigs of these companies being bought out better not get some big bonus for this $hit!!! :mad:

Posted

I think the big wigs need to be fired. They mismanaged it the first time, and you want 700 billion, with a B, to bail you out. I don't think they need to handle it again.

 

As for your question, I don't know. But I'm sure some on here will.

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