Comments on: Fed Rate Cut Opens A Window For Refinancers http://www.sayeducate.com/2008/01/28/fed-rate-cut-opens-a-window-for-refinancers/ Making Life Decisions Simplified Fri, 21 Nov 2008 03:43:33 +0000 http://wordpress.org/?v=2.6.3 By: MattKeegan http://www.sayeducate.com/2008/01/28/fed-rate-cut-opens-a-window-for-refinancers/#comment-488 MattKeegan Tue, 29 Jan 2008 20:57:48 +0000 http://www.sayeducate.com/2008/01/28/fed-rate-cut-opens-a-window-for-refinancers/#comment-488 W. James, I am with you. Interest rates are already below historic low averages, meaning the average consumer is already getting a great deal. Social security recipients and others who rely on interest income for living will see their income reduced further. Helping one set of consumers often means that another set is left out in the cold. W. James, I am with you. Interest rates are already below historic low averages, meaning the average consumer is already getting a great deal.

Social security recipients and others who rely on interest income for living will see their income reduced further.

Helping one set of consumers often means that another set is left out in the cold.

]]> By: W. James http://www.sayeducate.com/2008/01/28/fed-rate-cut-opens-a-window-for-refinancers/#comment-485 W. James Tue, 29 Jan 2008 05:35:07 +0000 http://www.sayeducate.com/2008/01/28/fed-rate-cut-opens-a-window-for-refinancers/#comment-485 Lower interest rates, while helping borrowers, lowers the incomes of all those who have invested in fixed income securities like CD's, which are already at very low rates of less than 5%. Cutting these rates in half means a return of only two dollars per month per thousand dollars saved per year, or in other words an investment of one half of a million dollars will bring in an income of only $12,500 per year, or only a little over $1,000 per month. Lover interest rates mean a correspondingly lower value on a dollar. If the government succeeds in doing away with Social Security as we now know it, it means we all should be buying tents and sleeping bags and air mattresses. Does anyone in this country own a hand computer? These interest rates are ridiculous, to say the least. Lower interest rates, while helping borrowers, lowers the incomes of all those who have invested in fixed income securities like CD’s, which are already at very low rates of less than 5%. Cutting these rates in half means a return of only two dollars per month per thousand dollars saved per year, or in other words an investment of one half of a million dollars will bring in an income of only $12,500 per year, or only a little over $1,000 per month. Lover interest rates mean a correspondingly lower value on a dollar. If the government succeeds in doing away with Social Security as we now know it, it means we all should be buying tents and sleeping bags and air mattresses. Does anyone in this country own a hand computer? These interest rates are ridiculous, to say the least.

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