# "The New Buffalo" Commercials
**URL:** https://forums.speedlife.net/t/the-new-buffalo-commercials/230523
**Category:** NYSpeed Off Topic
**Created:** [May 9, 2013, 4:14pm UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523 "2013-05-09T16:14:48Z")
**Posts on this page:** 8
**Page:** 5
### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [May 29, 2013, 6:39am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/81 "2013-05-29T06:39:48Z")
> [@jrod0187](#):
>
> [2013 Best & Worst States for Business](http://chiefexecutive.net/best-worst-states-for-business-2013)
Compare that list with the red state/blue state map, especially the top 10 and bottom 10 and I think you’ll see a pretty common theme.
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### Author:  [@jrod0187](https://forums.speedlife.net/u/jrod0187)
#### Post date: [May 29, 2013, 6:44am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/82 "2013-05-29T06:44:56Z")
Good eye!
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [May 29, 2013, 6:46am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/83 "2013-05-29T06:46:38Z")
So the worst states are the ones who voted for Obama? Hmmm, weird. He has such a proven business back round.
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### Author:  [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)
#### Post date: [June 6, 2013, 8:52am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/84 "2013-06-06T08:52:34Z")
> [@97FormulaWS-6](#):
>
> Rates are not going anywhere for at least 5 years, they’ll go up some, but they’re not going to rocket up; the economy of the world won’t support it, everything would collapse. It’s going to take another 5-10 years just to get stable and a solid footing going again economy wise.
> **[Why 3% mortgage rates are a thing of the past](https://money.cnn.com/2013/06/06/real_estate/mortgage-rates/index.html?hpt=hp_t2)**
>
> Those who didn't take advantage of record-low mortgage rates have missed the boat. Here are three reasons why.
> Farewell 3% mortgage rates
> Say goodbye to ultra-low mortgage rates.
> In the past month, rates have been on the rise and they are expected to continue to climb.
> This week, the average rate on a 30-year fixed-rate mortgage jumped another 10 percentage points to 3.91% and are up from 3.3% in early May, according to mortgage giant Freddie Mac. Meanwhile, those seeking a 15-year loan received an average rate of 3.03%, up from 2.56% – a record low.
> “It’s unlikely that rates will ever be that low again,” said Doug Duncan, Fannie Mae’s chief economist.
> Those who didn’t take advantage of record-low rates have missed the boat – at least for now. Here are three reasons why.
> The Fed is going to stop bolstering the housing market. The Fed has kept rates at rock-bottom levels by buying up to $85 billion a month of Treasury bonds and mortgage-backed securities. That has enabled lenders to sell mortgage loans at low interest rates and recoup their money immediately – plus profits.
> “Up until recently, expectations were that the Fed would begin to taper purchases of mortgage-backed securities (MBS) and Treasury bonds late in 2013, but that timeframe appears to have moved to September, possibly sooner,” said Keith Gumbinger, vice president of [HSH.com](http://HSH.com), a mortgage information company.
> If the Fed stops purchasing the securities, private investors will have to pick up the slack. For investors to do that, the loans will have offer a better payoff. And that would mean raising rates for borrowers, said Duncan.
> The economy is no longer reeling. During the recession, the Fed lowered its short-term interest rate to near zero in order to stimulate the economy. But now conditions have improved considerably since the economy emerged from recession four years ago. As the economic revival gains traction, it is creating a tailwind for interest rate increases, according to Gumbinger.
> Low rates happen when the economy is in distress. But now, the market believes the economy is getting stronger, said Wendy Cutrefelli, a vice president in the Mortgage Banking Division of Bank of the West.
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### Author:  [@rugsr](https://forums.speedlife.net/u/rugsr)
#### Post date: [June 6, 2013, 9:12am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/85 "2013-06-06T09:12:03Z")
> [@Blue Eyed Devil](#):
>
> So the worst states are the ones who voted for Obama? Hmmm, weird. He has such a proven business back round.
+1
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### Author:  [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)
#### Post date: [June 6, 2013, 9:12am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/86 "2013-06-06T09:12:50Z")
> [@BOBBYGRV](#):
>
> [Why 3% mortgage rates are a thing of the past](http://money.cnn.com/2013/06/06/real_estate/mortgage-rates/index.html?hpt=hp_t2)
Oh don’t get me wrong, I never said they were going to stay rock bottom, but you’re not going to see the 6%-9% rates for a while. From the research I’ve been doing/seeing it’ll rise between where it is now and the 4% range. The economy is way to fragile for anything more than that for at least a few years. The disconnect between “main” street and “wall” street is just blatent… Dow is up but personal incomes are massively down. The middle class who runs the economic engine is hurting… bad. And until that group of people stabilizes; rates won’t go up dramatically.
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### Author:  [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)
#### Post date: [June 6, 2013, 9:14am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/87 "2013-06-06T09:14:38Z")
I was agreeing with you FYI, I was just saying that they are starting to rise back up. If someone wanted to get the rock bottom rate, that ship has sailed.
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### Author:  [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)
#### Post date: [June 6, 2013, 9:27am UTC](https://forums.speedlife.net/t/the-new-buffalo-commercials/230523/88 "2013-06-06T09:27:23Z")
> [@BOBBYGRV](#):
>
> I was agreeing with you FYI, I was just saying that they are starting to rise back up. If someone wanted to get the rock bottom rate, that ship has sailed.
Agreed!
Interestingly there’s a MASSIVE housing boom out here in UT right now. 500 new build permits in my town alone. Houses for sale everywhere! I see a new for-sale sign every couple days in my neighborhood. Guess it’s become a high demand area.
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