Fed Signals It Will Stop Buying Government Debt in October

dave_donhoffAugust 12, 2009

Fed Signals It Will Stop Buying Government Debt in October

TAKE NOTE!!! This *OFFICIALLY* marks the immediate absolute "BOTTOM" on the downward rate trend since the late 1970's and the now lifetime lows on longterm fixed mortgage interest rates. If YOU haven't got yours taken care of... this is "Last Call."

Dave Donhoff

Leverage Planner

Here is a link that might be useful: Fed Signals It Will Stop Buying Government Debt in October

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jane__ny

What about on adjustable? I'm in the process of trying to sell my home and have an adjustable home equity. I don't want to go to the expense of getting a fixed mortgage. The adjustable is at 3.4%, a bargain for the past year.

What about the adjustable rates?

Jane

    Bookmark   August 12, 2009 at 11:56PM
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dave_donhoff

Hi Jane,
Adjustables dance to a slightly different market... and most likely they'll be low for a few more years (if not a Japanese-style zero-interest decade.)

Cheers,
Dave Donhoff
Leverage Planner

    Bookmark   August 13, 2009 at 10:07AM
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jane__ny

Thanks for getting back Dave. I'm breathing a sigh of relief!

Jane

    Bookmark   August 14, 2009 at 12:06AM
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dave_donhoff

HAH.... thought you were cursing me.... had to go to Net Lingo to look up TTT meanings ;~)

    Bookmark   August 14, 2009 at 1:57PM
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