2007-12-12 02:02:15 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Its probably likely cause the market dropped yesterday because they thought the Fed should have cut rates more than a quarter point. I need to refiance my home loan but I'm waiting just to see if they go down some more. however this is bad for savers - money in the bank isn't going to get much interest.
2007-12-12 02:31:44 · answer #1 · answered by voluntarheel 5 · 0⤊ 0⤋
The Fed may cut rates further, but I doubt you'll see that translate into lower mortgage or unsecured debt consumer rates. Lenders now want more for their risk.
2007-12-12 10:08:35 · answer #2 · answered by npk 7 · 0⤊ 0⤋
The Fed will cut rates to 3.5%.
Remember my prediction.
2007-12-12 15:50:46 · answer #3 · answered by DEN GIRUS 3 · 0⤊ 0⤋
Slowing economy.
2007-12-12 10:10:03 · answer #4 · answered by ed 7 · 0⤊ 0⤋
They will. Slowly though.
2007-12-12 10:05:57 · answer #5 · answered by Yeppers! 2 · 0⤊ 0⤋
i think it is a low as it will go!!! than back up!!!
2007-12-16 08:42:20 · answer #6 · answered by mister ed 7 · 0⤊ 0⤋