Apr

16

How has sub prime lending affected our US Financial Markets?

Filed Under mortgage 

fiestababy05 asked:


I know there were two major changes to our Prime lending rates. What caused these rates to change???

2007-9-187.75%
2007-10-317.50%

Rheem Gas Furnace

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    • Comments

    No Responses to “How has sub prime lending affected our US Financial Markets?”

    1. Out of Focus on April 16th, 2009 11:08 pm

      The Fed cut rates in October. They are gonna cut the rates again in DEC.

    2. Jay D on April 17th, 2009 12:00 pm

      The winter season when housing market slowing compounded by the federal reserve lowers the rate then credit will be made more available and home improvement stores such as lowes and consumers.