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- Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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Rick Kedzierski
The goverment has the ability to lower rates at anytime on VA and FHA loans as they are not connected to any index. To get money moving again in this country the goverment should lower the mortgage rates on these kinds of loans.That would be a true grassroots stimulus of the economy and leave more money in the middle class homeowners pockets.It would also give these folks if they took some money out of their equity the money to pay down higher interest debt. Rick Kedzierski Mortgage Broker Tampa, Fl.
Frank
Rick I agree! 4% mortgages would be better than any other solution thrown at the wall so far. The Tax Cut that keeps on giving. It would start the whole economy rolling. Free cash in our pockets (refi's), it would take housing inventory off the market, once this started to roll you couldn't stop it. And it would happen fast (as fast as the refi's could be done) also the the positive attitude/energy created would be infectious.
movers
Hope this spurs purchases at not just refies. The Atlanta housing market as well as most others could use the stimulus that reduced mortgage rate can supply.
jm
Now, I wish the true maker of this collapse of this economy, Barney Franks could give us working and paying our bills on time a break. I remember back in 2000 I had to give up %20 down payment on my mortgage loan. And go through a credit check. When in the world will these incapable feds give us a bone? I think a 2 percentage point drop would help the economy. People could refinance, reduce their principle and become more liquid with cash. And maybe even buy new cars from the newly government supported automakers, we all know they will get the money. After all, some of the Obama voters were UAW members. The officials who were elected owe this to UAW. I am a conservative, but I really know the UAW and they put much money and voter arm twisting into getting Obama elected. Show them the money-you go $71.00 an hour.
jeff saturday
The Bailout Bunch Here`s the story of Ben Bernanke who took over for Greenspan on his own there were bad loans and banks were failing but he was all alone Here`s the story of a man named Paulson Who knew the Wall Street problems all too well they were both screwed and they knew it so they said what the hell So then Paulson and Bernanke went to congress and they knew that it was much more than a hunch that the three would somehow form a family that`s the way they all became the bailout bunch The bailout bunch , the bailout bunch That`s the way they became the bailout bunch With Angelo Mozzillo as Alice