tag:blogger.com,1999:blog-6616959642391988608.post257351430642704964..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Refi now if you canScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-1923783395476025972009-03-02T09:59:00.001-08:002009-03-02T09:59:00.001-08:00Steve: the only interest rate that is capable (in ...Steve: the only interest rate that is capable (in theory but not always in practice) is the rate set by the Federal Reserve--the overnight federal funds rate. All other rates are set by the market, and the market in turn is the sum total of all the things going on and expected to occur in the economy.<BR/><BR/>Treasury yields had fallen to all-time lows at the end of last year because a) economicScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37586746450122818452009-03-02T09:59:00.000-08:002009-03-02T09:59:00.000-08:00Steve: the only interest rate that is capable (in ...Steve: the only interest rate that is capable (in theory but not always in practice) is the rate set by the Federal Reserve--the overnight federal funds rate. All other rates are set by the market, and the market in turn is the sum total of all the things going on and expected to occur in the economy.<BR/><BR/>Treasury yields had fallen to all-time lows at the end of last year because a) economicScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26802104432990920902009-03-01T14:36:00.000-08:002009-03-01T14:36:00.000-08:00Scott,I'm concerned about the rising rates. 1) The...Scott,<BR/><BR/>I'm concerned about the rising rates. <BR/><BR/>1) The prospects of higher interest rates (particularly mortgage rates) does'nt help the recovery. Housing still has plenty of inventory to work off. Higher rates will only make the pain last longer.<BR/><BR/>2) I'd like to believe the rising Treasury yields are an early indication of a renewed willingness to take on more risk. Stevehttps://www.blogger.com/profile/05555920330372708538noreply@blogger.com