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CarlsbadMtnBiker
Participant“Bank of America Corp. has lowered its prime-lending rate to 7.75 percent from 8.25 percent, effective Tuesday.
I am as ignorant on these topics as the next guy, but isn’t prime rate the rate at which the bank lends short-term money to credit cards and such rather than mortgage?”Yes,
The prime rate, as reported by the Wall Street Journal’s bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates. It is in turn based on the fed funds rate, which is set by the Federal Reserve.
Participant“CMB….
OK…digested all that. What’s lesson 2 ??”
Ok HLS….,
Commodities, currencies, oil and inflation. It’s tough and I am still learning my self. alot of them are moving against the dollar.
hint: cheaper $$ = higher asset values.
That should keep u busy for awhile and its interesting. Check in with me next week. Study that chart by FormerSD above too.
ParticipantHLS, you taught yourself.. see, now, on to lesson 2. I guess I am teaching you something afterall.
study hard.
ParticipantHey Goldsitter, u did good there but you today u lost $$ .. on equities, ..buy and hold baby .. always !
ParticipantBofA lowers prime-lending rate
Tuesday September 18, 3:10 pm ETBank of America Corp. has lowered its prime-lending rate to 7.75 percent from 8.25 percent, effective Tuesday.
The prime rate is a benchmark used to set interest rates on corporate and consumer credit.One of the 1st banks to do it… humm .. must be a coincidence right RE bears?? no way does this have anything to do with the fed funds rate .. ?? right HLS, Alex_Angel ?
ParticipantBofA lowers prime-lending rate
Tuesday September 18, 3:10 pm ETBank of America Corp. has lowered its prime-lending rate to 7.75 percent from 8.25 percent, effective Tuesday.
The prime rate is a benchmark used to set interest rates on corporate and consumer credit.One of the 1st banks to do it… humm ??
Participant“You” is normally spelled with 3 letters. If you want to be taken seriously, you might consider trying it.”
Actually, are you not taking it “too” seriously there JP man ..?
it worked.
ParticipantTodays % change increase for the homebuilders:
HOVNANIAN ENT INC [HOV] +27.63%
BEAZER HOMES USA INC [BZH] +18.69%
STANDARD PACIFIC LP [SPF] +14.09%
ORLEANS HOMEBUILDERS [OHB] +12.50%
M I HOMES INC [MHO] +11.07%
D R HORTON INC [DHI] +5.37%
LENNAR CP CL A [LEN] +2.10%
PULTE HOMES, INC. [PHM] +6.28%
GAFISA SA ADR [GFA] +3.26%
CENTEX CP [CTX] +4.35%What you say RE bears .. ?
I know it’s a long road ahead but I’ll take it.
Hard to ignore that foreclosures up 115% (nationally) since Aug. 06 but does this reduce probability of a recession? I think so.. what u say?
Participant“CMB,,
I only in 4th grade right now. Thanx for the edukashen.I assume that you are a finance major with an MBA, so I will bow down to you. Can you please point out to me in your link what I am supposed to study that shows that mortgage rates are affected by FFR…
I am willing to learn.”HLS, big thx to carlover for educating you for me. Not that I would have taken the time. See his post and study hard.
ParticipantTodays % change increase for the homebuilders:
HOVNANIAN ENT INC [HOV] +27.63%
BEAZER HOMES USA INC [BZH] +18.69%
STANDARD PACIFIC LP [SPF] +14.09%
ORLEANS HOMEBUILDERS [OHB] +12.50%
M I HOMES INC [MHO] +11.07%
D R HORTON INC [DHI] +5.37%
LENNAR CP CL A [LEN] +2.10%
PULTE HOMES, INC. [PHM] +6.28%
GAFISA SA ADR [GFA] +3.26%
CENTEX CP [CTX] +4.35%What you say RE bears .. ?
Hard to ignore that foreclosures up 115% since Aug. 06 but does this reduce probability of a recession? I think so.. what u say?
Participant“FED FUND RATE and PRIME RATE HAVE NOTHING TO DO WITH MORTGAGE RATES OR ARM RATES”
HLS.. (did u graduate high school?) bullshit, not as direct as the 10 yr T., but indirectly to say the least.
http://www.federalreserve.gov/fomc/fundsrate.htm (study up a little, would ya?)
ParticipantLet em’ go .. it will help traffic stay reasonable.
Participant“Short and sweet, I think AJ has to stroke his ego a little too much. He fired Marty for personal reasons, not job performance. AJ is a great scouter no doubt about it but He needs to think and use his head and not his FEELINGS like some chick. He screwed up. Now after this season his job could be on the line……………”
I agree with you on this one johnnyman.. good call. I think Marty would have made the right changes to go all the way with the bolts this season had he been given the chance .. oh well. It’s still early in the season and hope Rivers can work the kinks out.
ParticipantRen, check out Rancho Carrillo in Carlsbad .. 92009.
A couple of different floor plans with exactly what you are looking for. $700K+
Surprised you are not getting hammered on this site for being a potential buyer. Sure to come shortly …
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