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Operation Screw: The Fed goes all-in on QE Schiff

Discussion in 'Financial Cents' started by VisuTrac, Sep 14, 2012.

  1. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

  2. gunbunny

    gunbunny Never Trust A Bunny

    Time to fatten up.

    I'm going to feed the wife a cheesecake or two. I'm pretty sure she won't protest...
  3. Harbin

    Harbin Monkey+

    Anyone know if this can bring interest rates down further? I'm in the middle of a refi and while i don't agree with qe3, i can't stop it so why not benefit.

    Sent from my SPH-D710 using Tapatalk 2
  4. gunbunny

    gunbunny Never Trust A Bunny

    That's a good question. I had similiar thoughts, but since I'm in the middle of classes with little to no income, I seriously doubt that they would lower my mortgage.
  5. BTPost

    BTPost Old Fart Snow Monkey Moderator

    Bringing down Mortgage Interest Rates is one of the Prime Reasons, given for QE3... I mean, like 3.5% isn't low enough??? My Oldest daughter just refinanced their place in Texas, at 3.5%.... When Momma and I bought our first House, it was 6%, and that was 40+ years ago, and a very good deal. When we bought our Big House we were at 14%, and refinanced it down to 8.5% after ten years. I would have "Killed" for 3.5% back in those days. Oh well, It is up to the Kids to deal with that stuff now.... I have my cabin, and it has been paid for for 15 years. Just right for Momma and I.... YMMV.....
    Quigley_Sharps likes this.
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