https://www.penfed.org/productsAndRates/checkingAndSavings/moneyMarketCertificates.aspUnchanged for September (at least on the long end). Still 5% for 5-year CDs. My local CU has 5.25% for next week, also unchanged.And for all the liquidity crisis blather, I looked at Bloomberg and Fed Reserve sites and there so far is nothing exciting happening with 15 and 30 year mortgages, AAA corporates or even Baa corporates. Interest rates/yields have fluctuated over the last year within about 50 basis points, which doth not a crisis indicate nor make.As far as I can see, the only affect of the drop in housing prices on the vast majority of home owners, people who are not currently trying or sell or who are trying to sell but are just paring back the inflated gains they were expecting, is that their homes will not be piggy banks to enable spending. I think this is a good thing, even if the result is very slow growth or a mild recession. Borrowing, as a substitute for economic growth trickling down ((which has not happened during the expansion since the last mild recession for the first time ever), is not good economics.
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