Fed raises rates again - ChiefsPlanet

05-10-2006, 02:50 PM

KingPriest2 KingPriest2 is offline

Super Grover

Join Date: Oct 2002

Location: KCMO

Casino cash: $8635135

Quote:

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.

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

__________________
Quote:
----------------------------------------------------------------------
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."
----------------------------------------------------------------------

Quote:
----------------------------------------------------------------------
Originally Posted by Taco John
...He asked who I am voting for. I told him, "well, that depends... ."

Posts: 6,434

KingPriest2 is not part of the Right 53.

« Previous Thread | < | Next Thread »

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is On Forum Rules

All times are GMT -6. The time now is 10:49 AM.