they lowered short term rates.
long terms rates sometimes follow short term rates.
but mostly follow treasury long term rates. FEd announced a QE program.
that should lower rates on mortgages in a few months.
That is what I am projecting as well, I understand this is SHORT TERM loans I should have prefaced that in the article, I apologize for that.
However, one can make projections, they are talking about sending Americans checks starting April 6 and in May.
One can project that federal reserves will lower interest rates to historic lows, to encourage the people to buy.
They want to save the housing market and pretty soon it will be during peak season. People usually buy in sell end of school May through
Sept beginning of school.