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Started By
Message
Possible Interest Rate Increase
Posted on 7/29/11 at 11:46 am
Posted on 7/29/11 at 11:46 am
Any chance that this conjured up "debt crisis" is just a back door way for the Fed to raise interest rates?
Fed can claim we had no choice, we had to do it.
Fed can claim we had no choice, we had to do it.
3
Posted on 7/29/11 at 11:49 am to GaryOwen
quote:
Any chance that this conjured up "debt crisis" is just a back door way for the Fed to raise interest rates?
Fed can claim we had no choice, we had to do it.
I don't think you understand how the interest rate system works.
Posted on 7/29/11 at 11:56 am to LSURussian
Was watching Fox and they had a story that talked about consequences of not having the debt ceiling rasied. Stated that one of the consequences could be the fed raising rates. Went on to talk about how that would effect on car loans and mortgages. Guess Fox New doesn't understand interest rates then?
Posted on 7/29/11 at 12:10 pm to GaryOwen
I would love for them to walk me through how they connected those two dots.
Posted on 7/29/11 at 12:16 pm to GaryOwen
quote:
Guess Fox New doesn't understand interest rates then?
If they made that connection... then yes.
Posted on 7/29/11 at 12:41 pm to GaryOwen
quote:
Guess Fox New doesn't understand interest rates then?
Negative. As you naturally suspect, Fox knows all. Don't let the eggheads in this thread tell you otherwise.
Posted on 7/29/11 at 12:43 pm to GaryOwen
quote:
Guess Fox New doesn't understand interest rates then?
Thanks a lot, your P4WN FAIL was too strong and made me burst into laughter. Now my boss is looking at me.
Posted on 7/29/11 at 12:44 pm to TheHiddenFlask
quote:
I don't think you understand how the interest rate system works.
At first I was like:
quote:
Guess Fox New doesn't understand interest rates then?
Then I was like:
Posted on 7/29/11 at 1:17 pm to TheHiddenFlask
They will raise the debt ceiling, so it doesn't really matter.
Posted on 7/29/11 at 1:24 pm to TheHiddenFlask
quote:
Thanks a lot, your P4WN FAIL was too strong and made me burst into laughter. Now my boss is looking at me.
It wasn't a P4WN FAIL. It was on the news that was being discussed. A-hole. Get back to working your sorry job.
Posted on 7/29/11 at 1:27 pm to Tiger JJ
Great thread, let's keep this going. 
Posted on 7/29/11 at 1:31 pm to kfizzle85
Ok people straight answers here.
I am about 40 days from the completion of the house i am building.
My fiancee is on my arse about locking in with our mortgage company. I dont want to lock in a 60 day lock @ 4.7 % when the daily rate rate now is around 4.5 % .
There again this whole debt ceiling deal is next week and we are concerned they are going to sky rocket the interest rates...
Smart money folks -- do i need to freak out and lock asap this far out?
Or do i wait and do it the week before closing like a normal person would do??
TIA
I am about 40 days from the completion of the house i am building.
My fiancee is on my arse about locking in with our mortgage company. I dont want to lock in a 60 day lock @ 4.7 % when the daily rate rate now is around 4.5 % .
There again this whole debt ceiling deal is next week and we are concerned they are going to sky rocket the interest rates...
Smart money folks -- do i need to freak out and lock asap this far out?
Or do i wait and do it the week before closing like a normal person would do??
TIA
Posted on 7/29/11 at 1:33 pm to thedice20
Nah, just wait!
Flask spits up his coffee.
Flask spits up his coffee.
Posted on 7/29/11 at 1:42 pm to GaryOwen
quote:
Any chance that this conjured up "debt crisis" is just a back door way for the Fed to raise interest rates?
FWIW, interest rates have fallen this week.
Posted on 7/29/11 at 1:43 pm to thedice20
quote:
My fiancee is on my arse about locking in with our mortgage company. I dont want to lock in a 60 day lock @ 4.7 % when the daily rate rate now is around 4.5 %
you need to shop around. I know two lenders offering 4.15 and 4.25 on 30 day locks as of yesterday.
This post was edited on 7/29/11 at 1:44 pm
Posted on 7/29/11 at 1:46 pm to TortiousTiger
quote:
Possible Interest Rate Increase
quote:
My fiancee is on my arse about locking in with our mortgage company. I dont want to lock in a 60 day lock @ 4.7 % when the daily rate rate now is around 4.5 %
you need to shop around. I know two lenders offering 4.15 and 4.25 on 30 day locks as of yesterday.
Posted on 7/29/11 at 1:51 pm to GaryOwen
quote:
It wasn't a P4WN FAIL. It was on the news that was being discussed. A-hole.
Now that everyone is laughing at you because you've outed yourself as someone who thinks Fox News is the ultimate authority on economic events.....
You definitely thought you had just slammed him.
quote:
Get back to working your sorry job.
My job > Your job
Posted on 7/29/11 at 1:51 pm to thedice20
...
This post was edited on 7/30/11 at 1:34 pm
Posted on 7/29/11 at 1:52 pm to TheHiddenFlask
Doubt it.
Posted on 7/29/11 at 1:55 pm to GaryOwen
quote:
Doubt it.
I don't want to be a doctor.
I graduated school with 2 degrees at 24, with no debt and have a higher earning potential than the average doctor.
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