« Misdirected Stimulus and an Alternative | Main | »

July 16, 2010

Comments

Carla Rayacich

So, Dick, what does all this imply for mortgage lending? Continued low rates? Even lower? Reduced liquidity and less lending? More lending? I hope we are in the one sector that can benefit from a double dip recession.

Dick Lepre

Carla,

Rates will be bouncy but drive even lower in a few months. I do not see reduced liquidity for mortgage lending because everythig just passes through. Rates will stay low but the issues will be 1) decreased values 2) job loss and 3) for some folks, erosion of credit score.

I really belive that this will be a shallower but more proloned dip than the last one. This could last 10 years.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)