It starts a chain reaction. It's good for everybody because they save a lot of money over a period of time. Parotte agrees with Haggerty that rate cuts cause what he calls a domino effect . It has stimulated activity in the mortgage lending area. Loans for home improvement projects are also more affordable now, Perrotte said.
People can afford to fix up their homes.
She says 2001 may bring in more first time homeowners. From Perrotte s end, business has been up. The months between November to March are typically low points for loan activity because Christmas spending and snowy weather depresses home sales activity. Inc. The terms and conditions of the use of this website are set forth in our legal statement . Your use of this site means you agree to the terms of use, whether or not you have read the terms.