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Message Subject
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The ramifacations of the down grade on monday will be!!!!
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Poster Handle
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Mind Bender |
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Post Content
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Try getting a home or business loan on Monday ... the lending criteria will have changed by then and you may not qualify. Expect banks to require more collateral on any transactions they approve.
Quoting: Rickster58Yea you my be right. I had a mortgage broker business for many years and they will freeze the ability to lock a rate in until they re-adjust the yeilds due to the market change.
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