Interest Rate Hike Tomorrow? | |
ReVbo™ (OP) User ID: 36513487 United States 03/19/2013 04:24 PM Report Abusive Post Report Copyright Violation | |
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ReVbo™ (OP) User ID: 36513487 United States 03/19/2013 04:30 PM Report Abusive Post Report Copyright Violation | I'm a wholesale mortgage AE for a national lender. No news has trickled to me. Quoting: Scoop 1555281 Yeah, it's just been this one lender. They're my biggest one, but I have 5 others, and haven't heard a word from any of them. Thanks for the input. John 8:32 And ye shall know the truth, and the truth shall make you free. |
Nickadeemus User ID: 30688699 United States 03/19/2013 04:34 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 35892595 United Kingdom 03/19/2013 04:44 PM Report Abusive Post Report Copyright Violation | 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). Quoting: ReVbo™ 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? 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. |
Lady Jane Smith Forum Administrator User ID: 1333437 Netherlands 03/19/2013 04:45 PM Report Abusive Post Report Copyright Violation | 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: Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
Nickadeemus User ID: 30688699 United States 03/19/2013 04:47 PM Report Abusive Post Report Copyright Violation | 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® Pure Life; Get it on... |
ReVbo™ (OP) User ID: 36513487 United States 03/19/2013 04:48 PM Report Abusive Post Report Copyright Violation | They actually drifted down slightly today at my bank. Watching closely as I am considering another purchase. Quoting: Lady Jane Smith 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: 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. John 8:32 And ye shall know the truth, and the truth shall make you free. |
Lady Jane Smith Forum Administrator User ID: 1333437 Netherlands 03/19/2013 04:49 PM Report Abusive Post Report Copyright Violation | They actually drifted down slightly today at my bank. Watching closely as I am considering another purchase. Quoting: Lady Jane Smith 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: 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. 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. Fate whispers to the warrior "You cannot withstand the storm" the warrior whispers back "I am the storm" INTJ-A |
Nickadeemus User ID: 30688699 United States 03/19/2013 04:55 PM Report Abusive Post Report Copyright Violation | They actually drifted down slightly today at my bank. Watching closely as I am considering another purchase. Quoting: Lady Jane Smith 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: 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. 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. 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® Pure Life; Get it on... |
No More Lies User ID: 1707881 United States 03/19/2013 04:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20221354 United States 03/19/2013 05:00 PM Report Abusive Post Report Copyright Violation | They actually drifted down slightly today at my bank. Watching closely as I am considering another purchase. Quoting: Lady Jane Smith 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: 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. 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. And then everyone will wonder how such a small country took down the global economy, for which capitalism and democracy will get the blame. |
Anonymous Coward User ID: 961432 United States 03/19/2013 05:01 PM Report Abusive Post Report Copyright Violation | 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. . |
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Anonymous Coward User ID: 36417394 United States 03/19/2013 05:03 PM Report Abusive Post Report Copyright Violation | "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. |
ReVbo™ (OP) User ID: 36513487 United States 03/19/2013 05:06 PM Report Abusive Post Report Copyright Violation | "Significant rate hike" when the rate is 0% already? Quoting: Anonymous Coward 36417394 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. 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. John 8:32 And ye shall know the truth, and the truth shall make you free. |
Anonymous Coward User ID: 3715049 United States 03/19/2013 05:06 PM Report Abusive Post Report Copyright Violation | They actually drifted down slightly today at my bank. Watching closely as I am considering another purchase. Quoting: Lady Jane Smith 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: 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. 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. And then everyone will wonder how such a small country took down the global economy, for which capitalism and democracy will get the blame. It only took the assassination of the Archduke of Austria to start a world war! :O |
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