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Originally Posted by bunnytrdr
Nonsense. Immediately banks change their prime lending rate, and everything that is pegged to that benchmark follows suit.
As soon as those other products change the supply of cash available for long term fixed loan vehicles, the prices of the bonds goes down, this axiomatically leads to higher yields.
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I have a finance degree and been a mortgage broker for over 6 years now.
I have researched and stayed on top of it.
The FEd rate does not directly affect mortgage rates
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Originally Posted by Taco John
If you're not sure who you're voting for at this point in time, you can abandon all connection to the word "smart."
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Originally Posted by Taco John
...He asked who I am voting for. I told him, "well, that depends... ."
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