On Monday October 1, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (14:58)
Ryan and Louis discuss the current unemployment rate. Ryan notes that interest rates fell after the announcement of QE3. Louis notes that QE3 is a bail out of freddie mac and fannie mae as it takes bad assets off their balance sheets. Louis notes that while interest rates are lower, fees have been increased.
Ryan notes that the fed’s stated intention that by keeping interest rates low is to help employment. Louis believes that will not be the case and that QE3 is nothing more of another bailout and a way of keeping the cost of borrowing low so the government can continue to spend money.
Louis notes that obama said that the debt is not an issue “short-term”