Rates have notably slipped today in response to the decision to release the remaining $350 billion in Troubled Asset Relief Program (lovingly known as the TARP) funds. Here's the short list of why this is not boding well for mortgage investors: 1) Nobody knows where the 1st $350 billion ran off to and no one really thinks it did what it was supposed to do toward stabilizing our financial markets. 2) Spending this money with another $825 billion (and growing) Obamanomics stimulus [...]
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