In a move that your Wonkette finds SHOCKING, just SHOCKING, major banks have decided not to lower home loan interest rates for customers, even though the federal funds rate is hovering at around zero and banks are making a killing on mortgages. JPMorgan Chase and Wells Fargo, the nation’s largest mortgage lenders, said Friday they won’t make home loans much cheaper for consumers, even as they reported booming profits from that business. Those bottom lines have been padded by federal initiatives to stimulate the economy. The Federal Reserve is spending $40 billion a month to reduce mortgage rates to encourage Americans to buy homes. Instead, its policies may be generating more benefits for banks than borrowers.
...wow, this is about as awkward as running into your ex a year later and she it with another guy, but she is still wearing jewelry that you bought her.
please. next you'll be telling us joe the plumber isn't a plumber, sarah palin is writing a fitness book and we are being overrun by sexy brazilians.
...wow, this is about as awkward as running into your ex a year later and she it with another guy, but she is still wearing jewelry that you bought her.
please. next you'll be telling us joe the plumber isn't a plumber, sarah palin is writing a fitness book and we are being overrun by sexy brazilians.