Interest Rates Up And Down-Stock Market Turns Off The Valve
August 20th, 2011 categories: Deborah's Scrapbook, Month to Month, Real Estate Forum
Rates continue to drop but someone asked the other day,…Why did rates go up at end of day yesterday (8.18.11) despite stock market close down some 400+ points? Excellent question…when banks get inundated with loans whether purchases or refi’s the way to stop or stem the flow to control and manage business is….raise the rates! “Turning off the valve” so to speak.
- Interest Rates Turning Off The Valve
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