If the Federal Reserve lowers interest rates again do you think it will be considered yet another bailout?
I think the Fed should not lower rates just yet. I know they will need to eventually but if they do it too soon the mortgage companies still will not keep the adjustable rates down. They are set to increase this year and when they do so many Americans will loose their homes.
I am wondering what everyone else thinks here. I am not trying to start a fight with anyone. Please try to be constructive. If this get to being a mad house I will ask Ron and Jamo to close it down. I am asking a serious question and I hope every one will respond accordingly.
I am in the new home construction business and this has hurt our industry terribly bad. We are all paying the price.
How can we fix this without lowering Interest rates?
