So what will the Fed do tomorrow????

[redgtxdi]

I'm all for leavin' rates alone. I hate inflation, so I say to leave the rates alone.........no bailouts for anybody...........no help............no nuttin!! Make this freakin' country climb it's way outta' trouble for once.

But my guess is that we'll see a full .5% drop for 3 reasons.......

#1.) Christmas is around the corner. (All hail WalMart)

#2.) Oil's goin' up & houses are goin' down

#3.) After not even hearing from Greenspan for the last 6 mos, his opinion is now floating in every-other article I've read in the last 2 weeks.


Anyway.............thought it'd be fun to guess 'til we get the answer tomorrow.

 

[SlitheryDee]

I love your poll choices.

 

[Aimster]

.5% drop?
that's a huge drop

 

[nick1985]

.25% or bust.

 

[OS]

.25

 

[her209]

Increase by .5 % - Pour more salt into the wounds!!!

 

[redgtxdi]

Originally posted by: her209
Increase by .5 % - Pour more salt into the wounds!!!

:thumbsup:

 

[ebaycj]

CBOT 30-day Fed Funds Rate Futures market says 100% guarantee of at least a 0.25% decrease, and as of today, looks like a 50-50 chance as to whether it'll be a .50% decrease.

 

[kindest]

inflation inflation inflation!

 

[RyanB18]

I also think it's going down .25%. A safe boost to the economy, hopefully avoid recession and stop poor lending practices from infiltrating the economy too much.

 

[Argo]

I'm there with you - I wish the rates stayed the same, but I see them going down. My fear is that lower rates will fuel another round of subprime lending.

 

[redgtxdi]

Originally posted by: Argo
I'm there with you - I wish the rates stayed the same, but I see them going down. My fear is that lower rates will fuel another round of subprime lending.

That's it in a nutshell right there!!!!!!!! The subprime lenders need a serious spanking to stop their stupid practices!!

They're supposed to make a comment at 2:15est so we got about 15 minutes left...........

 

[FreshPrince]

shoot, I'm so ready to buy a house....I want to see it drop a whole point! :laugh:

5.25% 30yr fix baby!

 

[Vette73]

Originally posted by: FreshPrince
shoot, I'm so ready to buy a house....I want to see it drop a whole point! :laugh:

5.25% 30yr fix baby!

You can alwasy refiance but can never bargain over the price of the house again. If rates drop then house prices will hold or maybe (not really right now) go up. If rates stay where they are then prices will go down a little more as there will be more houses and less buyers.



Why do people always think rates are more important then price of the house. I rather rates be high so i get a deal on the house.

 

[PokerGuy]

The threat of inflation is always a concern, but the potential impact of this mortgage mess spreading into the rest of the economy grows bigger by the day. My guess is the fed will cut the rate .25 percent just like the markets expect. Anything more and they risk fanning the flames of inflation, anything less and they risk pushing the economy into recession.

 

[dullard]

Originally posted by: Marlin1975
Why do people always think rates are more important then price of the house. I rather rates be high so i get a deal on the house.

1) What the fed does and what mortgages do are two completely different things. Mortgage rates have been lagging fed changes by quite a long time recently. And mortgage rates tend to move far less than fed rates move.

2) 3*5=15 and 5*3=15. When one goes up, the other goes down, and the end result is the same. So this move won't have much to do with the amount of money you have to fork over to have a house in the long run. With the high cost of refinancing and the fact that rates are historically low, you really can't count on refinancing to a better mortgage.

3) Indirectly a lower house price is a bit better if you can use that to argue for lower property taxes, so that is a slight benefit. But, that benefit is slight.

 

[Miramonti]

DOWN .50%!

 

[dullard]

Originally posted by: jjsole
DOWN .50%!

Dow up 200 points.

 

[Miramonti]

Originally posted by: dullard

Originally posted by: jjsole
DOWN .50%!

Dow up 200 points.

short it.

 

[Slew Foot]

Hellloooo worthless dollars

 

[LegendKiller]

I disagree with the move. Dollar is already selling off. Bernanke traded every american consumer and real wages for Wall St. For somebody who works on the street, I am thoroughly disappointed.

 

[manlymatt83]

FED CUTS FUNDS RATE BY .5% =)

 

[Miramonti]

Originally posted by: Slew Foot
Hellloooo worthless dollars

Oil's hitting alltime highs. Low interest rate + inflation = yup, worthless dollars.

 

[Slew Foot]

So much for the fed supposedly there to save the dollar. He's not Helicopter Ben for nothing, pandering to Wall St., that's all the game is.

 

[redgtxdi]

Yup..............just hit F5 on my msn money page & there's the title..............

http://moneycentral.msn.com/home.asp

Stupid fool has no idea what he's done!!! :|


Hey everybody............look............we're all rich!!! That and a buck will buy you cup of coffee..........(Wait, no it won't. 'Cuz now that the buck's worth about .50 that cup is now $2....................or $10 if you go to *$)! :thumbsdown: