I'm going to let Alan Greenspan, and the Federal Reserve, off the hook for lowering the prime interest rate to stimulate the housing market, even as the housing market bubble continued to expand. I took a look at the Federal Reserve interest rate changes since 1990, and the link is provided below. It seems the prime rate was moving higher; until, the Financial Crisis of 2006 hit.
Also, long term interest rate are not directly tied to the prime, but as a rule, long term interest rates will follow changes to short term interest rate within about 6 months of the change, but not always. http://www.the-privateer.com/rates.html Regards, LelandJ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
