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anxvariety.
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October 10, 2008 at 8:37 AM #14161October 10, 2008 at 8:55 AM #285014
sdduuuude
Participanttk – The LIBOR is an inter-bank rate. When banks are afraid of loaning to each other (i.e. they feel there is some risk the other bank will default on the loan), they must demand higher interest rates to make up for the higher risk.
The Fed rate is not a market-based rate. The Fed sets it.
The LIBOR is more of a market-based rate and is based on banks perceived risk of loaning to each other.
October 10, 2008 at 8:55 AM #285357Participanttk – The LIBOR is an inter-bank rate. When banks are afraid of loaning to each other (i.e. they feel there is some risk the other bank will default on the loan), they must demand higher interest rates to make up for the higher risk.
The Fed rate is not a market-based rate. The Fed sets it.
The LIBOR is more of a market-based rate and is based on banks perceived risk of loaning to each other.
October 10, 2008 at 8:55 AM #285304Participanttk – The LIBOR is an inter-bank rate. When banks are afraid of loaning to each other (i.e. they feel there is some risk the other bank will default on the loan), they must demand higher interest rates to make up for the higher risk.
The Fed rate is not a market-based rate. The Fed sets it.
The LIBOR is more of a market-based rate and is based on banks perceived risk of loaning to each other.
October 10, 2008 at 8:55 AM #285348Participanttk – The LIBOR is an inter-bank rate. When banks are afraid of loaning to each other (i.e. they feel there is some risk the other bank will default on the loan), they must demand higher interest rates to make up for the higher risk.
The Fed rate is not a market-based rate. The Fed sets it.
The LIBOR is more of a market-based rate and is based on banks perceived risk of loaning to each other.
October 10, 2008 at 8:55 AM #285326Participanttk – The LIBOR is an inter-bank rate. When banks are afraid of loaning to each other (i.e. they feel there is some risk the other bank will default on the loan), they must demand higher interest rates to make up for the higher risk.
The Fed rate is not a market-based rate. The Fed sets it.
The LIBOR is more of a market-based rate and is based on banks perceived risk of loaning to each other.
October 10, 2008 at 9:14 AM #285346peterb
ParticipantI heard WFC now has their 30 year fixed at 9.5%. Anybody know if this is right?
October 10, 2008 at 9:14 AM #285377ParticipantI heard WFC now has their 30 year fixed at 9.5%. Anybody know if this is right?
October 10, 2008 at 9:14 AM #285368ParticipantI heard WFC now has their 30 year fixed at 9.5%. Anybody know if this is right?
October 10, 2008 at 9:14 AM #285324ParticipantI heard WFC now has their 30 year fixed at 9.5%. Anybody know if this is right?
October 10, 2008 at 9:14 AM #285034ParticipantI heard WFC now has their 30 year fixed at 9.5%. Anybody know if this is right?
October 10, 2008 at 9:15 AM #285339moneymaker
ParticipantDoes that mean B of A is not liquid! Do they have to borrow money in order to loan money to me. Maybe I should look for a more liquid source. Does anyone know which banks have the highest cash reserves, seems like as long as I’m not a credit risk I would get the best rate from them, as an aside I have never liked B of A or Wells Fargo for that matter.
October 10, 2008 at 9:15 AM #285361ParticipantDoes that mean B of A is not liquid! Do they have to borrow money in order to loan money to me. Maybe I should look for a more liquid source. Does anyone know which banks have the highest cash reserves, seems like as long as I’m not a credit risk I would get the best rate from them, as an aside I have never liked B of A or Wells Fargo for that matter.
October 10, 2008 at 9:15 AM #285049ParticipantDoes that mean B of A is not liquid! Do they have to borrow money in order to loan money to me. Maybe I should look for a more liquid source. Does anyone know which banks have the highest cash reserves, seems like as long as I’m not a credit risk I would get the best rate from them, as an aside I have never liked B of A or Wells Fargo for that matter.
October 10, 2008 at 9:15 AM #285383ParticipantDoes that mean B of A is not liquid! Do they have to borrow money in order to loan money to me. Maybe I should look for a more liquid source. Does anyone know which banks have the highest cash reserves, seems like as long as I’m not a credit risk I would get the best rate from them, as an aside I have never liked B of A or Wells Fargo for that matter.
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