LarryT wrote: > > Hi Mitch - you wrote <<been handing out repurchases at 4.75-5.0%>> > > What kind of 20 yr fixed refi rate does that translate to for someone with > an excellent credit score?
Penfed credit union has been holding 5.99 on that HEL for about a year now, as mortgage rates slowly climb, so now that I think about it, a .25 to .50% decrease in the fed funds target would probably not change that rate at all. It might make a 1/8 to 1/4% difference in some of the other mortgage rates. Just to make me look like a fool, the feds did a whopping 16.75B in overnight repos at an average of 5.22% this morning, nearly matching the target rate, after I pointed out they seemed to be ignoring the 5.25% target last week. (Thursday they did $5b at 4.91% and Friday they did $3B at 5.05%) http://www.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
