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Old 06-23-2009, 12:08 PM
iamjohns iamjohns is offline
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FEDS meeting today will lower the home loan rates tomorrow ?

Do you think the FEDS meeting which started today will lower the home loan rates tomorrow ?
I was reading some online news and it was saying that FEDS are meeting today for 2 days to discuss about some rates. And tomorrow (wednesday 2pm) will know about the policy.


1) Will this meeting have any effect on the home loan interest rates ?

2) Do you think the home loan rates for 30yr fixed and 15 yr fixed will come down or go up tomorrow ?
 
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Old 06-24-2009, 05:57 AM
~kev~'s Avatar
~kev~ ~kev~ is offline
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Quote:
Originally Posted by iamjohns View Post
Do you think the FEDS meeting which started today will lower the home loan rates tomorrow ?
Lets forget about tomorrow and look forward to 10 years from now.

The only thing that is going to make housing affordable, is for the government to abolish the federal reserve and lets banks "really" compete. Our financial system is run by a private company - the federal reserve, which is NOT a government agency.

So no, I do not look for anything to really change.
 
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