Hooray! Even though there was a meeting today at the Fed Reserve regarding interest rate, the rates did not change. Everyone was waiting with baited breath because of what has been happening in the market. Rising rates, increased foreclosures and increased job layoffs have been happening for quite some time. I believe if I were a mortgage broker and I had a couple of clients waiting to see what was going to happen to the rates today, I would be moving forward to get their deal closed while the rates have stayed the same. What do you think is happening with the mortgage industry?
