Liz Claman, anchor of Countdown to the Closing Bell on Fox Business News, interviewed Quicken Loans CEO Bill Emerson about the drop in mortgage interest rates.
“Anybody who’s at 6 percent or higher, or anybody in an adjustable rate mortgage, really should be coming in and refinancing and getting themselves in a better situation.” Bill explained to Fox viewers.
Claman, well known for her financial savvy and pointed interview style, spared no punches with Emerson. “You heard what treasury has said… ‘we could bring these mortgage rates down to 4.5%,’ but for whom? And is that exactly the medicine that is needed here?”
“I don’t want people to get confused.” Emerson said. “It’s a little vague what the treasury is talking about right now…But if they do what they are talking about… it’s for people buying homes, not people refinancing.” Emerson went on to explain, “The real issue we still have to solve for is the people in their homes right now who either can’t afford their payment or are underwater. We have to help those folks stay in their homes.”
Bill is a company icon around here, of course. He’s been with the company since 1993, and has been our CEO since 2002. We always love it when he makes a TV appearance, gathering around the monitors sprinkled though out the building to cheer him on. He’s especially famous for his motivating us all to be the best we can be, and gives a moving speech to everyone at orientation about the importance of clear communication and positive attitude. The other day I went to an orientation for new hires just to hear him speak. It was just as motiviating to me then as it was when I first heard it, almost two years ago!
Countdown to the Closing Bell airs every week day from 3 to 4 p.m. on the Fox Business Network.
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