Mike’s Real Estate Show

I keep seeing these ads about how the “Fed Has Lowered their Rate again!” Now’s the time to refinance!” I really believe if you come from a place where the first thing out of your mouth is misleading–just what kind of loan are you really going to provide to the consumer?

Rates are very “Sticky” as the 10year treasury, watch this indicator and not the fed, is at 4.11% as of Friday but rates are still linger at 6% and above. We SHOULD be around 5.75 with the 10 year Treasury at today’s rate but to no avail. This one guy stated in his last ad that the fed has caused interest rates to “plummet”! Incase we all didn’t know what the word means I sought out dictionary.com. They define “plummet” as:
intr.v.   plum·met·ed, plum·met·ing, plum·mets
1. To fall straight down; plunge.
2. To decline suddenly and steeply: Stock prices plummeted.
 

To “decline suddenly and steeply” Can anyone, including this guy, SHOW ME how our interest rates have declined suddenly and STEEPLY!! I now await a response as I have many a buyer who wishes to speak to you!!