Do you think the FBI is meeting that began today, tomorrow the lowest loan rates?
I read some online news and said that today’s meeting FEDs from 2 days to discuss the prices of some. And tomorrow (Saturday 2pm) is about politics kennen.1) Does this meeting have any effect on loan interest? 2) Do you think the loan will be 30yrs prices of fixed lines and 15 are fixed, down or up tomorrow?
March 5th, 2010 at 1:05 am
It will stay the same
March 5th, 2010 at 2:03 am
It may or may not. The Feds set the rate at which banks can borrow at so it may or may not have an affect on the mortgage rates. There may also be a lag time as well. In the past there are times that they lower the rate but mortgage rates didn’t change.
March 5th, 2010 at 2:24 am
Most people I have read think that the Fed will wait at least another month before doing anything. They really only have one option (speed up their purchases in the bond market) and they may be loathe to do this because of the possible ramifications on inflation. However, the Fed has surprised before, so who knows.
March 5th, 2010 at 2:36 am
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Tracy White