Fed. Makes full Half Point int. rate reduction.

[Mark-DuCo]

Glad mine is locked in at 2.62%.

I wish I could have locked in when I built, but no bank would do a fixed rate mortgage on my house. It is considered an unconventional building style because it is a berm style or in ground house.

 

[HoosierLife]

There will be another 50 basis points drop in November. They have to keep going, no matter who wins the election.

 

[rbhargan]

Keep in mind that a change in the Fed discount rate does not necessarily carry over into the commercial market.

 

[smokingman]

This may help some home buyers. And car buyers.


Edit: strange this happened just before the election.

It was a promise made by Biden early last summer(reduced rates).

The FED is just as political as CNN or MSN, it just hides the fact better.

 

[patience0830]

All the answers you desire and more are found on post #28, you're welcome

FTFY

 

[jsx1043]

There is no “soft landing,” this is all just theater before the election to pump up CommieLa’s numbers and fool people.

It’s all made up, the fiat money system is finished. All the players know it, and there’s no getting away from the crash, only positioning yourself better if you have the ability to do so, which is why Buffett, et al. have sold off billions of dollars worth of stock in the last 60 days to get out from under “bad” investments in virtual money, before the “new” money comes in with digital currency. It’s all been fake since going off the gold standard in 1971. There’s not even enough USD in the entire globe to pay off the interest on the national debt, let alone actually being able to pay it off. That’s not how the game is played.

It’s all about power and control, and those in power and control pull the levers for their own benefit and do what it takes for them to remain in power.

 

[XDdreams]

I can't wait to see how much money the big banks get in bailouts this time.

Those ceo's and high other high level executives haven't had proper bonuses since the last crash and bailout.