[wayoverthehill]

So it’s OK for people to take interest rate cuts in their stride, even though they had nothing to do with the reasons for it?
We seniors have to take the hit for people who couldn’t afford a house but had to have one anyway?

Gee, that’s fair.

[Always Right]

So it’s OK for people to take interest rate cuts in their stride, even though they had nothing to do with the reasons for it?

You took the 17 rate hikes in stride. If the economy heats up, I can support hikes. But right now, it calls for rate cuts.

[rb22982]

17 Rate hikes in a row isn’t enough for you? If we drop it down 3-4 its still equiv of 12 rate hikes in just 2 years which is a strong run up by any stretch. Besides, you can probably lock in interest rates for 2 years and by that time rates will probably be climbing again.