December 2010
2 posts
Note from a listener
A listener asked about the cost of his mortgage and why it’s so hard to redo a loan.
Do the banks borrow money at the Federal Funds Rate which is now zero percent and then relend it to people getting mortgages at the present rate of around five percent if it were to happen today? Is that the way it works? That would be a good deal for the banks.
The answer is first that the Fed funds...
Welcome to the new King Banaian Radio Show page
Hi! KBRS will be live on Business 1570 starting Saturday, January 8, 2011. Watch this space for more information.
