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Interest Rate Hike Tomorrow?

 
Olea Yimoria

User ID: 28513023
United States
03/19/2013 05:16 PM

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Re: Interest Rate Hike Tomorrow?
Op did your friend give a clue to how much of a percentage Benhanky was considering?
Considering I get a lousy .01 percent at the bank, how much do you think?
 Quoting: Olea Yimoria


Sorry. Sure didn't.
 Quoting: ReVbo™


what would be the percentage that would make the warnings go off to get the cash out now?
Anonymous Coward
User ID: 36517690
Brazil
03/19/2013 05:17 PM
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Re: Interest Rate Hike Tomorrow?
It has been more than 4 years that the benchmark interest rate in the USA is fixed at 0.25% right?


myabe it's time for a change...
No More Lies

User ID: 1707881
United States
03/19/2013 05:18 PM

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Re: Interest Rate Hike Tomorrow?
Op did your friend give a clue to how much of a percentage Benhanky was considering?
Considering I get a lousy .01 percent at the bank, how much do you think?
 Quoting: Olea Yimoria


It's been at.25% for a long time...any raise would be extremely out of left field...but stranger things have happened I suppose, especially with all that is going on now...but as someone above said, any raise at all would be disastrous and a sure signal for SHTF
Thanks to whomever upgraded my account!
:nml:
littlemiracles

User ID: 32798472
United States
03/19/2013 05:18 PM
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Re: Interest Rate Hike Tomorrow?
Let us know what ya find out!
Anonymous Coward
User ID: 36517690
Brazil
03/19/2013 05:19 PM
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Re: Interest Rate Hike Tomorrow?
Just imagine that...

Obama is in Israel, and then he receives a phone call telling that the Federal Reserve just raised the rate to 0.75%

Surprise!!

lmao
Anonymous Coward
User ID: 22734538
United States
03/19/2013 05:23 PM
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Re: Interest Rate Hike Tomorrow?
Good thing I locked in at 3.375 a couple weeks ago.
Devoted Follower
User ID: 36509190
United States
03/19/2013 05:25 PM
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Re: Interest Rate Hike Tomorrow?
Thanks for the heads up.

If this turns out to be true...just one more thing to accelerate the collapse...

hiding
Saddletramp
We Don't Rent Pigs...

User ID: 736749
United States
03/19/2013 05:37 PM

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Re: Interest Rate Hike Tomorrow?
If they do raise rates, it's in response to some huge money leaving the banking system after the Cyprus debacle.

Because frankly I don't see inflation becoming a problem at this precise moment.

And if they do this you will see a wholesale downturn in the markets for damn near everything. Also you could see a bond implosion!

I dunno, I can't see them doing it right now, but these Mortgage Wholesalers usually have a pretty good bead on interest rates...

Kinda spooky right now...

Last Edited by Saddletramp on 03/19/2013 05:39 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Nickadeemus

User ID: 30688699
United States
03/19/2013 05:37 PM
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Re: Interest Rate Hike Tomorrow?
Checking with a Giant lender here in town. Just a few...

Nick®
thinkin
 Quoting: Nickadeemus


Oh, yeah. Forgot about your connection. Lemme know, brother.

popcorn
 Quoting: ReVbo™



She said she'd call me ASAP to discuss; she's been in meetings in VA all day. I'll get back to you as soon as humanly possible. I can't think of why a huge rate hike would help balance the equation. This would be a shot JWB style right in the proverbial temple.

Nick®
corkey
 Quoting: Nickadeemus


Ok,
That was a huge let-down. Nothing here yet bro. She hasn't heard anything yet. I'll let you know if anything changes. Good looking out though Rev!

Nick®

:nickbeer:
Pure Life; Get it on...
Anonymous Coward
User ID: 33202417
United States
03/19/2013 05:40 PM
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Re: Interest Rate Hike Tomorrow?
yeah thesegov assclowns manipulatin the markets for political reasons is foolin no one but the goobers savvy investors are noy gonna touch this future house of cards.cool2
#Geomagnetic_Storm#
"Amateur Meteorologist"

User ID: 25096873
United States
03/19/2013 05:40 PM

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Re: Interest Rate Hike Tomorrow?
I hope the interest rates rise. So it will lower the stock market. Then I buy at right time and make cash. Sound like a plan?
ReVbo™ (OP)
Pook Snabber

User ID: 36513487
United States
03/19/2013 05:41 PM

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Re: Interest Rate Hike Tomorrow?
Checking with a Giant lender here in town. Just a few...

Nick®
thinkin
 Quoting: Nickadeemus


Oh, yeah. Forgot about your connection. Lemme know, brother.

popcorn
 Quoting: ReVbo™



She said she'd call me ASAP to discuss; she's been in meetings in VA all day. I'll get back to you as soon as humanly possible. I can't think of why a huge rate hike would help balance the equation. This would be a shot JWB style right in the proverbial temple.

Nick®
corkey
 Quoting: Nickadeemus


Ok,
That was a huge let-down. Nothing here yet bro. She hasn't heard anything yet. I'll let you know if anything changes. Good looking out though Rev!

Nick®

:nickbeer:
 Quoting: Nickadeemus


I'm good with a huge letdown. Let's hope these guys are just doing a little CYA. It's not like rates can go down anymore, so there's really no risk of locking a loan right now.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
User ID: 26614631
United States
03/19/2013 05:41 PM
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Re: Interest Rate Hike Tomorrow?
WON'T happen till ....... Your 'uncle' O.Ks it ! ( And Bammy is on the golf course ! )
Anonymous Coward
User ID: 36417394
United States
03/19/2013 05:42 PM
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Re: Interest Rate Hike Tomorrow?
"Significant rate hike" when the rate is 0% already?

Don't think so.


I wonder why the euro hasn't tanked against the dollar?

The FED still keeping that thing alive still?

Till derivatives do us part...


The Law of Compound interest has driven debt levels to totally unsustainable levels, the collapse isn't a matter of 'if,' only 'when.'


Come on, OP, blaming the banks & the governments for making bad loans caused this mess? Takes 2 to make a contract, and people flipping houses and others who thought real estate prices would never go down are all part of the larger equation.


Nevertheless, sooner or later the bull bond market is going to come home to roost, and falling bond prices will raise interest rates on market forces alone, irrespective of Ben's helicopter.
 Quoting: Anonymous Coward 36417394


They certainly did their part, but they wouldn't have been able to do their part if Wall St wasn't begging to buy any liar loan they could find, and Washington wasn't ordering them to make every liar they could find a loan.
 Quoting: ReVbo™




You missed the main point, OP, a collapsing bond market will cause interest rates to rise. If you are a mortgage broker you certainly know the inverse relationship between prices & bond yields. As for what you chose to highlight, cry me a river, Wall Street didn't need to beg for loans when there were plenty of mortgage brokers out there making easy money off of liar loans.
ReVbo™ (OP)
Pook Snabber

User ID: 36513487
United States
03/19/2013 05:43 PM

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Re: Interest Rate Hike Tomorrow?
"Significant rate hike" when the rate is 0% already?

Don't think so.


I wonder why the euro hasn't tanked against the dollar?

The FED still keeping that thing alive still?

Till derivatives do us part...


The Law of Compound interest has driven debt levels to totally unsustainable levels, the collapse isn't a matter of 'if,' only 'when.'


Come on, OP, blaming the banks & the governments for making bad loans caused this mess? Takes 2 to make a contract, and people flipping houses and others who thought real estate prices would never go down are all part of the larger equation.


Nevertheless, sooner or later the bull bond market is going to come home to roost, and falling bond prices will raise interest rates on market forces alone, irrespective of Ben's helicopter.
 Quoting: Anonymous Coward 36417394


They certainly did their part, but they wouldn't have been able to do their part if Wall St wasn't begging to buy any liar loan they could find, and Washington wasn't ordering them to make every liar they could find a loan.
 Quoting: ReVbo™




You missed the main point, OP, a collapsing bond market will cause interest rates to rise. If you are a mortgage broker you certainly know the inverse relationship between prices & bond yields. As for what you chose to highlight, cry me a river, Wall Street didn't need to beg for loans when there were plenty of mortgage brokers out there making easy money off of liar loans.
 Quoting: Anonymous Coward 36417394


Again, not what the thread is about, but your point is well taken. Thanks for the contribution.

Do you see a collapsing bond market from this? It seems pretty quick and I would look at Spain and Italy before I would get too worried, but I guess once the dominoes start falling, all bets are off.

Last Edited by Revbo™ on 03/19/2013 05:45 PM
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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United States
03/19/2013 05:45 PM
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Re: Interest Rate Hike Tomorrow?
The only thing I could think of to set off a rise in interest rates would be some kind of domino reaction in derivatives disney land. Maybe related to interest rate derivatives?

If the banks figure they might lose on interest rate bets they made, I suppose it's possible they would raise rates. But honestly, I can't think of any other reason they would do that.

.
 Quoting: Anonymous Coward 961432


I take that back.

Perhaps, the geniuses at the marriner eccles building have finally reached the conclusion that the liquidation value of perpetual debt threshold has been reached. Thinking it is related to the prevailing interest rates at the present, they intend to raise interest rates to avoid catastrophe.

When in point of fact it was the serial halving of interest rates that occurred from it's decade high in late 2007 of around 5.8% down to current record lows of near 0%. All the debt issued in that time frame would have to be doubled for each time the interest rate was halved to arrive at the total liquidation value of perpetual debt over that time period.

In other words, its too damn late now.

[link to www.safehaven.com]

.
Anonymous Coward
User ID: 2877009
United States
03/19/2013 05:46 PM
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Re: Interest Rate Hike Tomorrow?
I run a mortgage brokerage (The housing bust was the banks' fault for creating those stupid-ass loans and the government's for forcing us all to make them, so back off with your shots at the little guys. That's not what this is about).

Anyway, I got a pretty panicked call from one of my investors, a large West Coast wholesale lender, about an hour ago imploring me to lock all of my loans immediately because they anticipate a "significant rate hike" tomorrow, and when I asked if it was tied to the recent Cyprus unpleasantness, my account manager said he thinks so, but nobody told him exactly why.

My question is: Bernanke has said, on many occasions, he has no plans to raise rates anytime soon, and as we have seen mentioned, ad nauseum, for at least a couple years, to raise rates right now would be shooting our economy in the head. Did Cyprus change the game? I just can't see the Fed raising rates right now. Could this mess rock the market so much that rates float up on their own?

I'm about as panicked as I can be, after 5 years of watching this stuff every day, which is not very panicked given all the false starts, about the possibilities of Cyprus kicking off the derivative bomb we've all been looking for, but I have a hard time seeing our domestic interest rates going up much anytime soon.

What do y'all think?
 Quoting: ReVbo™


and you believe Bernanke...because????????

oh yeah...he's always kept his word, right?? cruise

Cyprus changed the game for sure....you betcha
Anonymous Coward
User ID: 1482838
United States
03/19/2013 05:47 PM
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Re: Interest Rate Hike Tomorrow?
The only thing I could think of to set off a rise in interest rates would be some kind of domino reaction in derivatives disney land. Maybe related to interest rate derivatives?

If the banks figure they might lose on interest rate bets they made, I suppose it's possible they would raise rates. But honestly, I can't think of any other reason they would do that.

.
 Quoting: Anonymous Coward 961432


I can. To attract longer term deposit money a bank would raise it's savings rate on CDs or money market accounts.
They must already be experiencing a silent bank run.

They only keep so much cash on hand.
Anonymous Coward
User ID: 31855582
United States
03/19/2013 05:48 PM
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Re: Interest Rate Hike Tomorrow?
I run a mortgage brokerage (The housing bust was the banks' fault for creating those stupid-ass loans and the government's for forcing us all to make them, so back off with your shots at the little guys. That's not what this is about).

Anyway, I got a pretty panicked call from one of my investors, a large West Coast wholesale lender, about an hour ago imploring me to lock all of my loans immediately because they anticipate a "significant rate hike" tomorrow, and when I asked if it was tied to the recent Cyprus unpleasantness, my account manager said he thinks so, but nobody told him exactly why.

My question is: Bernanke has said, on many occasions, he has no plans to raise rates anytime soon, and as we have seen mentioned, ad nauseum, for at least a couple years, to raise rates right now would be shooting our economy in the head. Did Cyprus change the game? I just can't see the Fed raising rates right now. Could this mess rock the market so much that rates float up on their own?

I'm about as panicked as I can be, after 5 years of watching this stuff every day, which is not very panicked given all the false starts, about the possibilities of Cyprus kicking off the derivative bomb we've all been looking for, but I have a hard time seeing our domestic interest rates going up much anytime soon.

What do y'all think?
 Quoting: ReVbo™



Bernanke isn't going to raise interest rates tomorrow or anytime this year.

The FED always warn the markets way before it happens to give them a chance to price it in, theres no way in hell he will spook the markets like that with the whole Cyprus thing going on.

He will be more dovish then ever come tomorrow.
He won't mention anything about tapering QE, or if he does, he will say it wont be till next year.

Bernanke is going to tell the markets exactly what they want to here.
 Quoting: Anonymous Coward 35892595


I agree completely. Raising rates now would be suicide for the US (World) economy. Doing it by surprise would be wholesale Armageddon.
Anonymous Coward
User ID: 1482838
United States
03/19/2013 05:49 PM
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Re: Interest Rate Hike Tomorrow?
It might touch off a bidding war for deposits to stay in line with the fractional reserve base.

Of course, all that interest on savings will push rates on borrowing higher too.
MaxMad

User ID: 36519171
United States
03/19/2013 05:50 PM

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Re: Interest Rate Hike Tomorrow?
I run a mortgage brokerage (The housing bust was the banks' fault for creating those stupid-ass loans and the government's for forcing us all to make them, so back off with your shots at the little guys. That's not what this is about).

Anyway, I got a pretty panicked call from one of my investors, a large West Coast wholesale lender, about an hour ago imploring me to lock all of my loans immediately because they anticipate a "significant rate hike" tomorrow, and when I asked if it was tied to the recent Cyprus unpleasantness, my account manager said he thinks so, but nobody told him exactly why.

My question is: Bernanke has said, on many occasions, he has no plans to raise rates anytime soon, and as we have seen mentioned, ad nauseum, for at least a couple years, to raise rates right now would be shooting our economy in the head. Did Cyprus change the game? I just can't see the Fed raising rates right now. Could this mess rock the market so much that rates float up on their own?

I'm about as panicked as I can be, after 5 years of watching this stuff every day, which is not very panicked given all the false starts, about the possibilities of Cyprus kicking off the derivative bomb we've all been looking for, but I have a hard time seeing our domestic interest rates going up much anytime soon.

What do y'all think?
 Quoting: ReVbo™


Revbo, I think the Bernank may just raise rates tomorrow! Your guy may be right on... It would be a surprise move but one that he will say needs to be done... Watch out below!!
Anonymous Coward
User ID: 36300966
United States
03/19/2013 05:51 PM
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Re: Interest Rate Hike Tomorrow?
laugh Oh yes they made me do it excuse !
 Quoting: Anonymous Coward 20903842


Actually they did. The Bush admin was heavily involved in threatening the big Banks if they did not "go along" with the plan of giving everyone with a heartbeat a lone.

When Obama was "community Organizing" with ACORN as a lawyer. guess what he was REALLY doing? Threatening Lawsuits on Banks that did not give minorities the loans that they wanted(but didn't qualify for).

(Don't get me wrong I'm not defending the Banksters, I think they should all be dismantled for their other numerous crimes, just telling it like it is)

The whole Financial "Crisis" was and is orchestrated for a purpose. Just wait till we get to the Final Inning, it's getting close!
Nickadeemus

User ID: 30688699
United States
03/19/2013 05:53 PM
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Re: Interest Rate Hike Tomorrow?
The only thing I could think of to set off a rise in interest rates would be some kind of domino reaction in derivatives disney land. Maybe related to interest rate derivatives?

If the banks figure they might lose on interest rate bets they made, I suppose it's possible they would raise rates. But honestly, I can't think of any other reason they would do that.

.
 Quoting: Anonymous Coward 961432


I take that back.

Perhaps, the geniuses at the marriner eccles building have finally reached the conclusion that the liquidation value of perpetual debt threshold has been reached. Thinking it is related to the prevailing interest rates at the present, they intend to raise interest rates to avoid catastrophe.

When in point of fact it was the serial halving of interest rates that occurred from it's decade high in late 2007 of around 5.8% down to current record lows of near 0%. All the debt issued in that time frame would have to be doubled for each time the interest rate was halved to arrive at the total liquidation value of perpetual debt over that time period.

In other words, its too damn late now.

[link to www.safehaven.com]

.
 Quoting: Anonymous Coward 961432


The most intelligent possibility thus far injected. Well said sir/maam! It's kind of like the FED is a turtle on it's back.

Nick®
nickmubi
Pure Life; Get it on...
Anonymous Coward
User ID: 961432
United States
03/19/2013 05:55 PM
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Re: Interest Rate Hike Tomorrow?
The only thing I could think of to set off a rise in interest rates would be some kind of domino reaction in derivatives disney land. Maybe related to interest rate derivatives?

If the banks figure they might lose on interest rate bets they made, I suppose it's possible they would raise rates. But honestly, I can't think of any other reason they would do that.

.
 Quoting: Anonymous Coward 961432


I take that back.

Perhaps, the geniuses at the marriner eccles building have finally reached the conclusion that the liquidation value of perpetual debt threshold has been reached. Thinking it is related to the prevailing interest rates at the present, they intend to raise interest rates to avoid catastrophe.

When in point of fact it was the serial halving of interest rates that occurred from it's decade high in late 2007 of around 5.8% down to current record lows of near 0%. All the debt issued in that time frame would have to be doubled for each time the interest rate was halved to arrive at the total liquidation value of perpetual debt over that time period.

In other words, its too damn late now.

[link to www.safehaven.com]

.
 Quoting: Anonymous Coward 961432


Interesting most everyone ignores Fekete;

snip from article linked:

Those who argue that these frightening numbers are merely 'notional' and, as such, they have no relevance to the real economy, do not know what they are talking about. The size of the derivatives market is fast approaching the quadrillion dollar mark (if it hasn't already surpassed it by the time this article is published). It has been talked down by mainstream economists and the financial media saying that "there is nothing to worry about, it is notional value anyhow". Yet that notional value was able to break the back of the mighty American banking system (along with that of the British). This is so because the total notional value of derivatives represents the liquidation value of insured bonded debt.

The total notional value of derivatives represents the liquidation value of bonded debt.

hmm

.
Anonymous Coward
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Korea, Republic of
03/19/2013 05:56 PM
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Re: Interest Rate Hike Tomorrow?
exit strategy now?...too early ...
Anonymous Coward
User ID: 36519642
03/19/2013 06:01 PM
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Re: Interest Rate Hike Tomorrow?
Listen up folks: I had a recent dream that I walked into a bank lobby....and signed up for CD account at.....5 1/2 percent.
Lady Jane SmithModerator
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User ID: 1332771
Netherlands
03/19/2013 06:02 PM

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Re: Interest Rate Hike Tomorrow?
They actually drifted down slightly today at my bank. Watching closely as I am considering another purchase.


I think they could move up in a knee jerk reaction, but I expect Uncle Bennie to move in push them back down.

They will want to avoid spooking the herd any more than necessary until "they" can get themselves positioned for contingencies.

bouncsheep
 Quoting: Lady Jane Smith


Thanks, Jane. That's what I've been thinking. I don't know what has these guys so spooked, but I thought it was worth discussing. Either way, this Cyprus thing smells really bad.
 Quoting: ReVbo™


Agree. This may certainly be viewed as the trigger when we reflect back in several years. If we are able to reflect back, that is.
 Quoting: Lady Jane Smith


Man...Granted, I'm sleepy, but you just knocked the crap out of my desensedoomed brain. Very surreal to think of reflection not being possible. Good to see you M'Lady. Looking dashing and dapper as usual.

Nick®
sword 2
 Quoting: Nickadeemus


Hi Nick!!

Just got out of the bubble bath.


Hugs!

Kitty on Red
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Lady Jane SmithModerator
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03/19/2013 06:03 PM

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Re: Interest Rate Hike Tomorrow?
...


Thanks, Jane. That's what I've been thinking. I don't know what has these guys so spooked, but I thought it was worth discussing. Either way, this Cyprus thing smells really bad.
 Quoting: ReVbo™


Agree. This may certainly be viewed as the trigger when we reflect back in several years. If we are able to reflect back, that is.
 Quoting: Lady Jane Smith


And then everyone will wonder how such a small country took down the global economy, for which capitalism and democracy will get the blame.
 Quoting: Anonymous Coward 20221354


It only took the assassination of the Archduke of Austria to start a world war! :O
 Quoting: calx



... and everybody probably thought, "Who the eff is that???" Most big world events are kicked off by a small incident when viewed in retrospect.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
User ID: 961432
United States
03/19/2013 06:04 PM
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Re: Interest Rate Hike Tomorrow?
The only thing I could think of to set off a rise in interest rates would be some kind of domino reaction in derivatives disney land. Maybe related to interest rate derivatives?

If the banks figure they might lose on interest rate bets they made, I suppose it's possible they would raise rates. But honestly, I can't think of any other reason they would do that.

.
 Quoting: Anonymous Coward 961432


I take that back.

Perhaps, the geniuses at the marriner eccles building have finally reached the conclusion that the liquidation value of perpetual debt threshold has been reached. Thinking it is related to the prevailing interest rates at the present, they intend to raise interest rates to avoid catastrophe.

When in point of fact it was the serial halving of interest rates that occurred from it's decade high in late 2007 of around 5.8% down to current record lows of near 0%. All the debt issued in that time frame would have to be doubled for each time the interest rate was halved to arrive at the total liquidation value of perpetual debt over that time period.

In other words, its too damn late now.

[link to www.safehaven.com]

.
 Quoting: Anonymous Coward 961432


The most intelligent possibility thus far injected. Well said sir/maam! It's kind of like the FED is a turtle on it's back.

Nick®
:nickmubi:
 Quoting: Nickadeemus


Just passing on some often ignored wisdom from Fekete. I think he has been shockingly right all along.

Best of luck to you and yours.

.
Anonymous Coward
User ID: 36417394
United States
03/19/2013 06:05 PM
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Re: Interest Rate Hike Tomorrow?
"Significant rate hike" when the rate is 0% already?

Don't think so.


I wonder why the euro hasn't tanked against the dollar?

The FED still keeping that thing alive still?

Till derivatives do us part...


The Law of Compound interest has driven debt levels to totally unsustainable levels, the collapse isn't a matter of 'if,' only 'when.'


Come on, OP, blaming the banks & the governments for making bad loans caused this mess? Takes 2 to make a contract, and people flipping houses and others who thought real estate prices would never go down are all part of the larger equation.


Nevertheless, sooner or later the bull bond market is going to come home to roost, and falling bond prices will raise interest rates on market forces alone, irrespective of Ben's helicopter.
 Quoting: Anonymous Coward 36417394


They certainly did their part, but they wouldn't have been able to do their part if Wall St wasn't begging to buy any liar loan they could find, and Washington wasn't ordering them to make every liar they could find a loan.
 Quoting: ReVbo™




You missed the main point, OP, a collapsing bond market will cause interest rates to rise. If you are a mortgage broker you certainly know the inverse relationship between prices & bond yields. As for what you chose to highlight, cry me a river, Wall Street didn't need to beg for loans when there were plenty of mortgage brokers out there making easy money off of liar loans.
 Quoting: Anonymous Coward 36417394


Again, not what the thread is about, but your point is well taken. Thanks for the contribution.

Do you see a collapsing bond market from this? It seems pretty quick and I would look at Spain and Italy before I would get too worried, but I guess once the dominoes start falling, all bets are off.
 Quoting: ReVbo™


Fair enough, OP. I would not want to imply that you are not an honest person trying to make an honest buck. Maybe it is the timing of the Cyprus fiasco and the FED meeting that is coincidental and not necessarily contingent. As your original post mentioned, Ben has indicated keeping interest rates extraordinarily low for a while, and that is the perceived reality, despite the recent news of increased housing construction. There are any number of posts on this thread concerning derivatives, and thinking those contracts have baked every known reality into them no doubt the value of the euro is a large part of the concoction. "West Coast wholesaler' is interesting, as the three main perceived financial centers in the US are New York, Chicago, and San Francisco. It seems the Cyprus event perhaps forebodes the seemingly inevitable 'Grexit.' The dominoes need not tumble if the pawns are sacrificed to a greater material advantage.

In any event, I wish you well in your mortgage brokerage endeavors.

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