That's the my point, the Mortgage rate DROPPED this time.
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送交者: wanglee 于 2008-01-22, 18:46:47:
回答: Fed Cut Too Little, Too Late 由 micro 于 2008-01-22, 16:43:50:
The mortgage has dropped about .25 - .50 this time.
The banking system has eaten the other 1.25 - 1.50 drop as relief to them. which is a gauge to see whether the interest cut had made the difference. I use that as a Sign indicating the "credit crunch" is almost over.
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