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Fed should raise rates when taper complete, official says

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Mortgage Professional America | 04 Jun 2014, 05:33 AM Agree 0
A Federal Reserve official official says she wants to raise interest rates as soon as the Fed finishes tapering its bond buys
  • Tony | | 04 Jun 2014, 10:42 AM Agree 0
    It's hard enough to get mortgages done now as it is with some of the guidelines, raising interest rates will just run the public off again, the lenders will start offering very low adjustable rates for 2 or 3 years and the next thing you know it's 2009 all over again, I would love to see the powers in charge, the one's who make these insane rules try to close a mortgage, instead they sit in their little perches with no idea of how to do a purchase mortgage let alone a refinance, why don't these people go out into the field and see what is really going on instead of just looking at numbers that can be manipulated, the government has taken the mortgage business to the level of used car sales, please wake up and get out in the field and talk to the people that are doing the mortgages and fighting with the underwriters, better yet how about all of the people that manipulate the numbers try to get their mortgage broker license, try to understand the mortgage business because as of now, the number manipulater' s do not have a clue on what they are talking about.
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