I will cut your rate!
At this pace, mortgage payments will turn into mortgage receipts in no time.
Posted by pamsterdam on 2008-01-30 19:47:06 +0000
I totally thought that said "I will make you eat paste!"
It gave me a bad flashback to Roth Townsend in third grade.
Posted by jbcardinale on 2008-01-30 21:35:54 +0000
No time for a dissertation, but the Fed again lowered the Fed funds rate which is the overnight rate that banks charge each other for borrowing $$. This has no direct effect on mortgage rates, in fact, mortgage rates were up today because the stock market was up for most of the day.
Posted by Miriam on 2008-01-30 22:46:55 +0000
I'm hoping that the longterm mortgage rate will drop to at least 4.5% before I get excited. I'd rather have a higher bank interest rate so my savings actually do something.