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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (369579)2/2/2008 1:21:10 PM
From: bentway  Read Replies (1) | Respond to of 1583389
 
Mortgage rates aren't tied to the Fed funds rate Ted. They are tied to LIBOR.

bba.org.uk

But, my HELOC is tied to the Fed funds rate! So, GO BEN! Let's have a cut a week!

As for everybody going out and getting a refi - that works when your equity's going UP, but, a lot of American's equity is going DOWN.

As a matter of fact, read THIS:

boiseblog.com