Fed rate going down again...
#1
Registered User
Thread Starter
Join Date: Sep 2007
Location: Portland, Maine
Posts: 783
Likes: 0
Received 0 Likes
on
0 Posts
Fed rate going down again...
...that means the lease and borrowing rate will also go down.
http://biz.yahoo.com/ap/080110/wall_street.html
http://biz.yahoo.com/ap/080110/wall_street.html
#2
Starting to look more and more likely that it will be a 50 basis point cut next time instead of the usual quarter point. Also saw a story yesterday that Goldman is predicting the Fed will continue cutting until the fed funds rate reaches 2.50% late this year or early next year. 225 basis points below where it is now. Goldman is predicting a recession too. I'll see if I can find that article.
Oops, 175 basis points below where it is now.
Oops, 175 basis points below where it is now.
Last edited by rgpie75; 01-10-2008 at 03:41 PM.
#3
#5
Registered User
Thread Starter
Join Date: Sep 2007
Location: Portland, Maine
Posts: 783
Likes: 0
Received 0 Likes
on
0 Posts
Trending Topics
#9
best time of the year for sellers is the summer, worst is winter. I'd say if you find the right house buying right now is pretty good since there will be fewer buyers on the market and you can drive a lower selling price. Rates will be lower in summer, prices may be higher and more properties on the market.
#11
Registered User
Thread Starter
Join Date: Sep 2007
Location: Portland, Maine
Posts: 783
Likes: 0
Received 0 Likes
on
0 Posts
best time of the year for sellers is the summer, worst is winter. I'd say if you find the right house buying right now is pretty good since there will be fewer buyers on the market and you can drive a lower selling price. Rates will be lower in summer, prices may be higher and more properties on the market.
#12
While owning a home outright is always a nice thing, mortgages have advantages. You can borrow at a very low rate over a ridiculously long period of time. You can write off interest paid. You build up your credit rating.
#15
Registered User
Join Date: Dec 2007
Location: South FL
Posts: 132
Likes: 0
Received 0 Likes
on
0 Posts