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allcentury18
Supreme tranceaddict



Registered: Sep 2005
Location:
U.S. economy issues today

my internship is at a mortgage company and holy crap! we just got 5 emails from the top 5 banks in the U.S. saying there is such a large deterioration from just today that they had to worsen prices by xx amount.


everyone in my office is running around like a bomb just went off trying to lock in rates.


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Old Post Oct-25-2005 19:37  England
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simplcake
tranceaddict



Registered: Sep 2005
Location: NY

thats just a begining

Old Post Oct-25-2005 19:47 
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TweeK
What About The Future



Registered: Apr 2004
Location: Underground Pirate Station [JSRF]

Huh?

What does that mean for un-kool people like me.


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Old Post Oct-25-2005 19:52  Mexico
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allcentury18
Supreme tranceaddict



Registered: Sep 2005
Location:

quote:
Originally posted by TweeK
Huh?

What does that mean for un-kool people like me.


typically banks make projections on the economy and lend on interest rates accordingly.

the fact that they changed rates in the middle of a day says there is an extreme ergency in the economy and they think what they were currently lending on this morning is now too much of a risk to lend on THIS AFTERNOON.

crazy stuff consdering nothing has come from the fed this week


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Old Post Oct-25-2005 20:03  England
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Purple
. . . . . . . . .



Registered: Jan 2005
Location: . . . . . . . . .

quote:
Originally posted by allcentury18
the fact that they changed rates in the middle of a day says there is an extreme ergency in the economy and they think what they were currently lending on this morning is now too much of a risk to lend on THIS AFTERNOON.

crazy stuff consdering nothing has come from the fed this week


Banks have raised the interest rates or lowered it?

Old Post Oct-25-2005 20:51 
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allcentury18
Supreme tranceaddict



Registered: Sep 2005
Location:

quote:
Originally posted by Purple
Banks have raised the interest rates or lowered it?


raised


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http://www.bash.org BASH DOT ORG WHORE All those who believe in Telekenesis raise my hand.

Old Post Oct-25-2005 21:05  England
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dOgMa55
XanaX AdddiicT



Registered: Mar 2001
Location: Myrtle Beach, SC US
Unhappy

goddamnit like i wasnt broke enough in the first place. Its lookin like i wont be able to finish college before all this crap hits the fan.


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1. FilterFunk - Message In a Bottle (Sander Van Doom Remix)
"A Hundred Million Cast aways, Looking For A Home"
2. Ferry Corsten - Whatever (Marcel Woods Remix) (again) (original)
3. Bone Thugs n Harmony and all their solo's (seriously..)

Old Post Oct-25-2005 21:24  United States
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