TranceAddict Forums Archive > Main Forums > Chill Out Room U.S. economy issues today View this Thread in Original format allcentury18 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. take5 thats just a begining TweeK Huh?:conf: What does that mean for un-kool people like me.:o allcentury18 quote: Originally posted by TweeK Huh?:conf: What does that mean for un-kool people like me.:o 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 Purple 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? allcentury18 quote: Originally posted by Purple Banks have raised the interest rates or lowered it? raised dOgMa55 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. CLICK TO RETURN TO TOP OF PAGE

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