fed rate: FED expected to Cut-Rate on Halloween
- 10/20/07 05:38 PM
"Commentary: Renewed credit panic hits markets Friday, October 19, 2007 By Lou BarnesInman News All U.S. interest rates have broken lower. The mortgage-defining 10-year T-note is trading at 4.4 percent, down from 4.7 percent last week, but mortgages will be slow to follow. Even agency loans are stuck in credit fear, but are likely to approach 6 percent soon. Fed-defining short-term rates have dived almost a half-percent, a sure sign of renewed credit panic. A Fed cut on Halloween, doubtful on Monday, is now a sure thing. What the hell happened so fast? (As I recite developing misery, a note on morale to people near real estate … (1 comments)
"Commentary: Renewed credit panic hits markets Friday, October 19, 2007
;)
;)
