What do you think would have to happen before the mortgage industry is back on track?
- Thread starter refi-rep
- Start date
tommyjones
New Member
C
czygvtwkr
Guest
Interest rates to keep dropping, and some time. Most people don't buy a new house every year. The low rates a few years ago had some people buy before they normally would therefore there are less people buying now.
somdrenter
Sorry, I'm not Patch...
The mortgage industry never left the tracks. What makes anyone think that there’s a “need” for the industry to “strengthen more”? How has it already “strengthen” to constitute a “more”? Lenders placed their bets and any correction would be the result of a free market.
Helicopter Ben has the printing presses running at full speed, just as he said he would. Government bail outs in a free market, now that’s off track.
smilin
BOXER NATION
Stability would help. Homeownership has always meant stability. We have now reached the point where few people are looking at a home for the next ten, twenty years. It has become the norm to move every 5 to 7 years, to move up to a larger better home.
I get the feeling nobody is sure what's around the corner so no one wants to make a leap of faith and buy.
How to fix that? Certainly not by bail outs.