Home › Forums › Housing › 50 point cut › CMB, You are a GENIUS.
CMB, You are a GENIUS. Coincidence, no. It’s called MATH.
I’m typing it slow, so you can understand. When FFR was 5.25%, Prime was 8.25%
I haven’t studied it yet, I’m slow, but did you forget to add that mortgage rates are affected too ??????
The prime rate is a benchmark used to set interest rates on corporate and consumer credit.
Perhaps you didn’t know, Prime is 3 points above FFR. Let’s see 4.75% + 3.00% = 7.75 %
OH MY GOSH,, you are SO right……
