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Registered
Join Date: Jul 2001
Location: Cave Creek, AZ USA
Posts: 44,726
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Lowering prime won't do much to help the housing slump, since mortgage interest rates have little to do with it. Bond yields are what drive most mortgage rates. Sure, they're all intertwined in some way, but most ARM's are tied to LIBOR or the 1 yr. Treasury. Prime affects HELOC's, credit card rates, car loans, etc.
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