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Interest rates to fall to 2% or less Interest rates to fall to 2% or less
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Old 03-24-2008, 03:12 AM   #1
JimmiDean
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Interest rates to fall to 2% or less
I was watching this on CNN yesterday.
Sure looks like the time to purchase some investment properties or vacation homes is right around the corner.
As they say buy when everyone is selling.
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Old 03-24-2008, 06:11 AM   #2
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Good idea.

I am looking for some interesting investments.
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Old 03-24-2008, 06:14 AM   #3
Inde
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mortgage rates are not really dropping much... its the short term rates that have gone down a lot

http://www.bloomberg.com/markets/rates/
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Old 03-24-2008, 06:24 AM   #4
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Just because feds drop rates doesn't mean the banks will.. the rate is for overnight lending for banks.. not end people. Do you really think th goverment cares for the little guy? hA HA HA!
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Old 03-24-2008, 06:26 AM   #5
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Just because feds drop rates doesn't mean the banks will.. the rate is for overnight lending for banks.. not end people. Do you really think th goverment cares for the little guy? hA HA HA!
What the bank WILL drop is interest rates paid to those that have saved their money
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Old 03-24-2008, 06:30 AM   #6
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Just because feds drop rates doesn't mean the banks will..
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Old 03-24-2008, 07:26 AM   #7
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Just because feds drop rates doesn't mean the banks will.. the rate is for overnight lending for banks.. not end people. Do you really think th goverment cares for the little guy? hA HA HA!
Maybe so but if you have a good bank manager and a clean record with them plus some equity you can do fine.
I was offered 3.25% last week on a vacation property, but may wait a little while yet.
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Old 03-24-2008, 10:08 AM   #8
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Interest rates will approach zero within the year.
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Old 03-24-2008, 11:26 AM   #9
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Maybe so but if you have a good bank manager and a clean record with them plus some equity you can do fine.
I was offered 3.25% last week on a vacation property, but may wait a little while yet.
That's an amazing rate. Why would you not take that?
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