Replies

To: rightinthemiddle

Does this (if they cut rates) translate into lower re-fi rates for mortgages?

20 posted on 11/28/2007 12:30:32 PM PST by CygnusXI (Where's that dang Meteor already?)

To: CygnusXI; RockinRight

Does this (if they cut rates) translate into lower re-fi rates for mortgages?

Oddly, no, not directly. Most ARMS are calculated based on an index called LIBOR (and published in the WSJ). RnR will know.

26 posted on 11/28/2007 12:37:37 PM PST by Petronski (Reject the liberal troika: romney, giuliani, mccain)

To: CygnusXI

I don’t follow it closely but three-month LIBOR rates are up today, and most days.

37 posted on 11/28/2007 12:48:42 PM PST by steve86 (Acerbic by nature, not nurture™)

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