|
|
|
|
| Author |
|
|
Registered
|
Question for you money guys, Prime Rate
The Prime Rate is at 8.25%
Any opinions out there on what the rate will do over the next Year? Do you think the Fed will lower it to possibly stimulate the housing slump?
__________________
1967 911R "Clone" Race Car 2.0 & 2.5 Twin Plug 1984 Mercedes 500 SEC 1991 Mercedes 420 SEL 1992 Ford F-350 Dually 28' Pace Trailer |
||
05-02-2007, 11:36 AM
|
|
|
Registered
Join Date: Feb 2004
Location: Granite Bay, CA
Posts: 767
|
I'm guessing not very likely
http://www.reuters.com/article/economicNews/idUSN2723007320070427?pageNumber=1 Ok, Link won't load...I know zero about computers so just copy and past in another address window if you'd like to read.
__________________
99 supercharged Boxster 1977 911 race car - gts (sold)  Spec 911 Racing Porsche Racing Club Last edited by tc-sacto; 05-02-2007 at 11:52 AM.. |
||
|
05-02-2007, 11:45 AM
|
|
|
Registered
|
That link wont load
__________________
1967 911R "Clone" Race Car 2.0 & 2.5 Twin Plug 1984 Mercedes 500 SEC 1991 Mercedes 420 SEL 1992 Ford F-350 Dually 28' Pace Trailer |
||
|
05-02-2007, 11:46 AM
|
|
|
Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,899
|
I believe that at this time, the Fed reserve under new chairman "Big Ben" will leave interest rates where they are. You see, the big fear to them is inflation. Many here are too young to remember the "misery index" we suffered under during the Carter administration...double digit inflation AND unemployment.
We do NOT want to return to that... Yes, I know...there is an arguement that "it wasn't Carter's fault". I'm just setting a time frame here...
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
||
|
05-02-2007, 11:49 AM
|
|
|
Edministrator
Join Date: Aug 2003
Location: SF east bay
Posts: 25,455
|
I think the prime rate is about where it should be in a healthy economy. It'll get lowered to try and avoid a recession if the fed perceives that's more likely than inflation. Personally, I think that's likely.
__________________
Good post? Leave a tip! O - $1 O - $2 O - $3 |
||
|
05-02-2007, 01:27 PM
|
|
|
Registered
|
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.
__________________
2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
||
|
05-02-2007, 01:31 PM
|
|
|
|
Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,899
|
I should add that I'm "just guessing"...the Fed does as it will.
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
||
|
05-02-2007, 01:33 PM
|
|
|
Registered
|
Quote:
__________________
1967 911R "Clone" Race Car 2.0 & 2.5 Twin Plug 1984 Mercedes 500 SEC 1991 Mercedes 420 SEL 1992 Ford F-350 Dually 28' Pace Trailer |
||
|
05-02-2007, 04:26 PM
|
|
|
Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,899
|
ARM's are for suckers...
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
||
|
05-02-2007, 07:36 PM
|
|
|
Registered
|
Quote:
__________________
2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
||
|
05-02-2007, 07:55 PM
|
|
|
Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,899
|
Sorry Rick...didn't mean to insult anyone. I spoke as a guy living in a paid for house. Still, if you remembered the double digit inflation years, you'd never sign an ARM...
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
||
|
05-02-2007, 08:04 PM
|
|
|
User
Join Date: Feb 2006
Location: Oakland
Posts: 940
|
Quote:
__________________
82 Targa |
||
|
05-02-2007, 08:05 PM
|
|
|
|
Registered
|
Doesn't insult me at all. When I was in the biz., I made the same money whether I sold ARM's or fixed's. I just don't know anyone younger than my parents' parents who live in a house for 20-30 yrs.
__________________
2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
||
|
05-02-2007, 08:06 PM
|
|
|
Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,899
|
Bought my current house in '76. 1/3 down, the rest on a 30 year fixed. Paid it off in 18 years. Yep, I'm old... Cindy & I have often talked of "moving up" house wise, but we really can't see why. It fits us well, especially after our daughter left home. 2,400 sq. ft. ranch on 1 1/2 acres on a quiet road that goes nowhere, so no through traffic...We are happier here than we would be in a 4,000 sq. ft. McMansion located on a tiny lot. I don't like hearing my neighbor's toilet flush...
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
||
|
05-02-2007, 10:29 PM
|
|
1967 Porsche 911R Replica 2.3 Litre Race
1967 Porsche 911R Replica 2.2 L Race Engine
Only Porsche
Only bike
