2619
Fed Cuts Main Interest Rate to Near Zero, to Boost Assets by $700 Billion (www.foxbusiness.com)
posted ago by FuckU/Spez ago by FuckU/Spez +2619 / -0
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▲ 14 ▼
– Joeyc1 14 points ago +14 / -0

does this mean I should re-refinance my student loans?

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▲ 13 ▼
– deleted 13 points ago +13 / -0
▲ 5 ▼
– Joeyc1 5 points ago +5 / -0

private ones, Im not messing with the federal ones

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▲ 9 ▼
– teh_dahnald 9 points ago +9 / -0

the bank only gives you a tiny fraction of the discount they get. cocksuckers

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▲ 5 ▼
– 1in1024th 5 points ago +5 / -0

I mean, they take a profit but you're also partially paying for the people that default on their loans.

Edit: I'd suppose if you really were bothered you could start your own local bank to get a cheap mortgage

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▲ 6 ▼
– Joeret 6 points ago +6 / -0

Any lending would potentially be good to refinance if the interest rate is high.

Savers are taking it on the chin...borrowers couldn't be happier.

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▲ 2 ▼
– EricCiaremella 2 points ago +6 / -4

Not true at all. Borrowers who paid $400,000 for a house that's going to be worth $300,000 in 6 months are not going to be happy.

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▲ 2 ▼
– 1in1024th 2 points ago +2 / -0

When that happens, people walk away from their mortgages like in 2009

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▲ 3 ▼
– Harambe 3 points ago +3 / -0

Already happening in high property tax areas

Then the chinese come and buy it up lmao

Why are foreigners allowed to buy our land?

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