- Nov 28, 2005
- Professional Status
- Certified Residential Appraiser
- New York
Called it last night in another thread...they just took a somewhat bigger bite of the apple...you could see it coming when the Japanese and Chinese markets tanked on Monday.Quote:
Fed meets on Jan 31. From what I read, 92% chance they will drop 1/2%.
I am betting they drop it ½% TOMORROW (22nd) in emergency session...AND pump more cash into the system.
It's not just about RE anymore. This is system wide.
I have a 5 1/8th % loan from 5 yr ago...My banker just told me I could refi at 4.86%... wow.It's time to refinance your debt
How low will it go...