UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next
Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35351  
Subject: Pen Fed CD Rates Date: 9/1/2007 9:25 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
https://www.penfed.org/productsAndRates/checkingAndSavings/moneyMarketCertificates.asp

Unchanged 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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Berkshire Hathaway

Is the Market Overvalued?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement