shockingly obama's first press conference indicates he isn't going to be more central

#52
#52
ChicagoVolFan said:
I should have thrown today's average in as well....6.34%...maybe it's becasue he spoke today (joke)...I don't know??? anyone else got any ideas on why mortgages rates keep dropping besides Obama winning the highest office??
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a) the fed decreased interest rates and b) the fed is doing everything it can to reduce mortage rates.
 
#55
#55
ChicagoVolFan said:
I should have thrown today's average in as well....6.34%...maybe it's becasue he spoke today (joke)...I don't know??? anyone else got any ideas on why mortgages rates keep dropping besides Obama winning the highest office??
Click to expand...

might have something to do with the LIBOR rates coming down due to the credit markets unfreezing from the massive amounts of liquidity injected into the banking system.

Rates fall, but lending may not be rising - Nov. 7, 2008

keep dreaming that Obama was the reason
 
#56
#56
The Fed having a rate cut does not directly influnce mortgage rates

Check the yields on bonds this week versus last week and also take into consideration the most recent unemployment news..

Homeowrk time my friend......you can write well, but your one sideness has hazed over reality for you...such a shame to throw it all away
 
#58
#58
ChicagoVolFan said:
The Fed having a rate cut does not directly influnce mortgage rates

Check the yields on bonds this week versus last week and also take into consideration the most recent unemployment news..

Homeowrk time my friend......you can write well, but your one sideness has hazed over reality for you...such a shame to throw it all away
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for the love of god. read what I wrote. take an economics class. thanks.
 
#59
#59
ChicagoVolFan said:
The Fed having a rate cut does not directly influnce mortgage rates

Check the yields on bonds this week versus last week and also take into consideration the most recent unemployment news..

Homeowrk time my friend......you can write well, but your one sideness has hazed over reality for you...such a shame to throw it all away
Click to expand...

Mr. Pot, meet Mr. Kettle.
 
#60
#60
might have something to do with the LIBOR rates coming down due to the credit markets unfreezing from the massive amounts of liquidity injected into the banking system.

Rates fall, but lending may not be rising - Nov. 7, 2008

keep dreaming that Obama was the reason

You are correct...I was joking about it having anything to do with Obama...
 
#61
#61
wait so you agree with my b point than right? And I suppose lowering the fed funds rate doesn't effect lending at all right?
 
#62
#62
ChicagoVolFan said:
The Fed having a rate cut does not directly influnce mortgage rates

Check the yields on bonds this week versus last week and also take into consideration the most recent unemployment news..

Homeowrk time my friend......you can write well, but your one sideness has hazed over reality for you...such a shame to throw it all away
Click to expand...

Ah yea the fed cutting rates was 1 weapon they used, along with the fed discount window open to everything and everybody along with the $700 billion rescue package being passed. Lets not forget the 150 basis point cut by the BOE and the 50 basis cut by the ECB this week. But yea Obama speaking at 2:30 on a FRIDAY had everything to do with the mortgage rates coming down
 
#65
#65
ChicagoVolFan said:
might have something to do with the LIBOR rates coming down due to the credit markets unfreezing from the massive amounts of liquidity injected into the banking system.

Rates fall, but lending may not be rising - Nov. 7, 2008

keep dreaming that Obama was the reason

You are correct...I was joking about it having anything to do with Obama...
Click to expand...

Ahh sarcasim button was turned off. Sorry. I need a drink. tgif.
Posted via VolNation Mobile
 
#66
#66
Fellas (and ladies, if there are any)...please understand that it was a joke when I stated that rates dropped becasue of the election...i was pointing and making light to the orginal debate in this thread....

Rates drop/rise for many different reason, in fact, each time they do the reason usually isnt the same. I can continue to debate this with anyone who wants to, however...my time will be better spent with my kids..I will return on Monday if anyone needs further explanation on the mortgage/housing market.

Go Vols!!
 
#67
#67
ChicagoVolFan said:
Fellas (and ladies, if there are any)...please understand that it was a joke when I stated that rates dropped becasue of the election...i was pointing and making light to the orginal debate in this thread....

Rates drop/rise for many different reason, in fact, each time they do the reason usually isnt the same. I can continue to debate this with anyone who wants to, however...my time will be better spent with my kids..I will return on Monday if anyone needs further explanation on the mortgage/housing market.

Go Vols!!
Click to expand...

sorry dude...but with no real posting history, we took your words as your true feelings
welcome and post more often
 
#69
#69
truefan said:
Bush got into Yale because he was a legacy. There is a big difference. And Obama graduated magna cum laude and was editor of Harvard Law Review. Very big deal
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really? have his transcripts been released?

also, while editor of the Law Review, he authored very few articles. If his poetry from the time is any indication, Obama isn't much of a writer.
 
#70
#70
MG1968 said:
really? have his transcripts been released?

also, while editor of the Law Review, he authored very few articles. If his poetry from the time is any indication, Obama isn't much of a writer.
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First of all you can't be named editor of Harvard Law Review without being one of the top students in your law class. All the proof you need about his grades and I am sure he had to provide transcripts to his first employer as well.
 
#71
#71
truefan said:
First of all you can't be named editor of Harvard Law Review without being one of the top students in your law class. All the proof you need about his grades and I am sure he had to provide transcripts to his first employer as well.
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his first employer was ACORN wasn't it? There was a claim that he turned away lucrative offers to work for some big name law firms, but I don't recall any of those firms speaking up and saying, "yeah, we tried to get him right out of Harvard."

believe the myth if you want.
 
#72
#72
truefan said:
Bush got into Yale because he was a legacy. There is a big difference. And Obama graduated magna cum laude and was editor of Harvard Law Review. Very big deal
Click to expand...
Wasn't BHO a legacy at Harvard...??? Great argument, truefan.

Yes, BHO graduated magna cum laude. He was also the President of the HLR. He also failed to contribute, in a literary sense to the HLR.

BHO is an intelligent person. GWB is also an intelligent person. BHO is a much better orator. BHO also has a passionate belief in an incredibly non pragmatic political philosophy.
 
#73
#73
truefan said:
First of all you can't be named editor of Harvard Law Review without being one of the top students in your law class. All the proof you need about his grades and I am sure he had to provide transcripts to his first employer as well.
Click to expand...
wrong. Editor is an elected / appointed position. It's a popularity / ass kissing contest. If his grades were monumental, they would be out there for public consumption.

By the by, everyone get some sort of accolade at graduation with the enormous grade inflation at Harvard. It's a problem they're trying to address.
Posted via VolNation Mobile
 
#74
#74
this is the lamest econ. thread I've ever seen.

for reference, my secretary had to pass the 7 and 63 so she could talk to clients of our firm. She wasn't bright at all but passed first time on each. Very lame.
Posted via VolNation Mobile
 
#75
#75
I'm so glad droski stayed around. Seriously, he's probably one of my favorite posters now. Plus, he's gold when it comes to econ.
 
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