Comments on: Fed Cuts Rates Again…Here’s Your Action Plan! http://christianfinanceblog.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/ Spiritually Prosperous, Financially Rich! Tue, 09 Mar 2010 18:29:55 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: christianfinance http://christianfinanceblog.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/comment-page-1/#comment-166 christianfinance Mon, 03 Mar 2008 05:44:06 +0000 http://christianfinance.wordpress.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/#comment-166 Yes, I agree that rates are now higher, but at the time of the post, the rates were actually going down with an Bankrate average of around 5.75% or so. Yes, I agree that rates are now higher, but at the time of the post, the rates were actually going down with an Bankrate average of around 5.75% or so.

]]> By: Bob http://christianfinanceblog.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/comment-page-1/#comment-165 Bob Mon, 03 Mar 2008 03:48:01 +0000 http://christianfinance.wordpress.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/#comment-165 Actually rates are rising on 30 year mortgages even though the Fed has lowered rates dramatically. The current national average for a 30 year mortgage as of February 28th, is 6.24% as reported by Freddie Mac and is at a three month high. The reason: Banks are driving the rates up because of "PrePayments". They are afraid that people will refinance their mortgages at a lower rate (Prepayment) and they will lose income. As real rates go down, they want to keep the old mortgages on the books for as long as they can to profit from the spread. Actually rates are rising on 30 year mortgages even though the Fed has lowered rates dramatically. The current national average for a 30 year mortgage as of February 28th, is 6.24% as reported by Freddie Mac and is at a three month high. The reason: Banks are driving the rates up because of “PrePayments”. They are afraid that people will refinance their mortgages at a lower rate (Prepayment) and they will lose income. As real rates go down, they want to keep the old mortgages on the books for as long as they can to profit from the spread.

]]> By: Jumbo CD Investments - CD Rates Blog » Other Posts of Interest http://christianfinanceblog.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/comment-page-1/#comment-168 Jumbo CD Investments - CD Rates Blog » Other Posts of Interest Wed, 13 Feb 2008 15:16:51 +0000 http://christianfinance.wordpress.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/#comment-168 [...] Christian Finance Blog - Fed Cuts Rates Again — Action Plan AllFinancialMatters - Foreign Ownership of the US MightyAmerica - Stuff Nightmares are made of [...] [...] Christian Finance Blog – Fed Cuts Rates Again — Action Plan AllFinancialMatters – Foreign Ownership of the US MightyAmerica – Stuff Nightmares are made of [...]

]]> By: Banking Online http://christianfinanceblog.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/comment-page-1/#comment-167 Banking Online Wed, 13 Feb 2008 14:39:40 +0000 http://christianfinance.wordpress.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/#comment-167 Keep the investments balanced. Stocks are great for long-term investing. You have to be willing to buy and hold and in most cased not go checking everyday. Keep some funds in "guaranteed" investments such as CDs, bonds, treasuries, etc. Great post. Keep the investments balanced. Stocks are great for long-term investing. You have to be willing to buy and hold and in most cased not go checking everyday.

Keep some funds in “guaranteed” investments such as CDs, bonds, treasuries, etc.

Great post.

]]> By: christianfinance http://christianfinanceblog.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/comment-page-1/#comment-164 christianfinance Sun, 03 Feb 2008 04:01:00 +0000 http://christianfinance.wordpress.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/#comment-164 Absolutely! That's a good idea. Absolutely! That’s a good idea.

]]> By: boby http://christianfinanceblog.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/comment-page-1/#comment-163 boby Sun, 03 Feb 2008 01:38:18 +0000 http://christianfinance.wordpress.com/2008/02/02/fed-cuts-rates-againheres-your-action-plan/#comment-163 i got a feeling the online banks will lower their rates sooner or later. So maybe lock some cash using CD laddering might be useful i got a feeling the online banks will lower their rates sooner or later. So maybe lock some cash using CD laddering might be useful

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