Stamford, CT (PRWEB) August 10, 2007
John Sauro discussed the recent concerns in the Credit markets during his appearance on Bloomberg TV's "On The Money" August 3, 2007 at 2:25 p.m.
Mr. Sauro said, "The secondary markets are trying to protect themselves by charging a higher rate to cover problems on past and future loans but believes this is temporary."
Mr. Sauro said, "That the economy is strong, jobs and consumer spending is strong and that rates are still historically low, even by today's standards."
Mr. Sauro went on to say, "There is too much wild and irresponsible speculation about these markets. The attention these markets are getting is only helping to spook the secondary markets even more. Ad to that the negative dooms day authors that are looking to sell books by promoting fear to the American people and we've got a self fulfilling prophecy."
John Sauro is President of North Atlantic Mortgage Corp. and the author of "Inside the Mortgage Market" and "Sophisticated Jumbo Financing."
North Atlantic Mortgage Corp. is a Stamford, CT based licensed mortgage banker, registered with the Connecticut Banking Department. It is a registered mortgage broker in New York, Florida and Massachusetts. The company is celebrating its 10th anniversary. North Atlantic Mortgage Corp. has made available to the public at no cost, copies of the informational report, "Sophisticated Jumbo Financing" which is a comprehensive primer on mortgage options. For a free copy, the public can call 877-794-5363.
The entire interview can be viewed at North Atlantic Mortgage Corp. website http://www.NorthAtlanticMortgage.com or http://video.google.com/videoplay?docid=4587672917058767337&hl=en