Comments on: Pushing a string….? http://blownmortgage.com/2007/12/11/pushing-a-string/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Morgan http://blownmortgage.com/2007/12/11/pushing-a-string/comment-page-1/#comment-7901 Morgan Wed, 12 Dec 2007 06:28:11 +0000 http://blownmortgage.com/2007/12/11/pushing-a-string/#comment-7901 well put tom - when all you have is a hammer every problem looks like a nail. well put tom – when all you have is a hammer every problem looks like a nail.

]]> By: Captain Ned http://blownmortgage.com/2007/12/11/pushing-a-string/comment-page-1/#comment-7884 Captain Ned Wed, 12 Dec 2007 01:50:34 +0000 http://blownmortgage.com/2007/12/11/pushing-a-string/#comment-7884 The Fed needs to decide who they're trying to help. If it's Wall Street, then more cuts are imminent. If they truly want to help all those borrowers with ARMs tied to LIBOR they need to raise US short term rates by a bunch, as that's the only thing that will bring LIBOR down. Given who gets elected to Fed Governorships, us consumers suck hind tit yet again. The Fed needs to decide who they’re trying to help. If it’s Wall Street, then more cuts are imminent. If they truly want to help all those borrowers with ARMs tied to LIBOR they need to raise US short term rates by a bunch, as that’s the only thing that will bring LIBOR down. Given who gets elected to Fed Governorships, us consumers suck hind tit yet again.

]]> By: mike http://blownmortgage.com/2007/12/11/pushing-a-string/comment-page-1/#comment-7870 mike Tue, 11 Dec 2007 22:11:56 +0000 http://blownmortgage.com/2007/12/11/pushing-a-string/#comment-7870 The fed's average number of rate movements is 11. This is the 3rd movement thus far in this swing. The last rate swing was 18 movements UP. Our economy is very ill right now and I think the fed has a long ways to go. f I don't feel to sorry for the markets however, the fed did make it clear at their last meeting that they expected bad news in the 4th quarter. I think that was their warning to not expect too much. I am surprised that they didnt cut the discount window more. I know that the big banks were very hopeful for that advantage. The fed’s average number of rate movements is 11. This is the 3rd movement thus far in this swing. The last rate swing was 18 movements UP. Our economy is very ill right now and I think the fed has a long ways to go. f

I don’t feel to sorry for the markets however, the fed did make it clear at their last meeting that they expected bad news in the 4th quarter. I think that was their warning to not expect too much.

I am surprised that they didnt cut the discount window more. I know that the big banks were very hopeful for that advantage.

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