Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Originators react to potential Fed rate hike in December

Notify me of new replies via email
Mortgage Professional America | 30 Oct 2015, 06:30 AM Agree 0
It’s back on the table, and industry professionals are weighing in on how the move will affect originator business – and if it will happen at all
  • | | 30 Oct 2015, 12:37 PM Agree 0
    In my opinion it's not going to happen in December, and most certainly won't happen in March. If they do raise rates the economic conditions will collapse even further than they are at now, and the fed will quickly be forced to lower interest rates again. No central bank in the world is raising rates right now, they're all lowering and doing their own version of QE. One voting member on the FOMC stated that they see negative rates coming, not higher rates. Check the dot plot from the last release of the FOMC meeting minutes and you'll see one member stated negative rates ahead. We're currently experiencing worldwide deflation and a recessionary environment, central banks just don't raise rates into a recession, it works the other way around.
Post a reply