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Honored Contributor
Posts: 12,295
Registered: ‎03-27-2010

just announced to be raised .25.  The Fed took the middle of the road choice.  

Respected Contributor
Posts: 3,081
Registered: ‎03-16-2010

And the markets noticed. The highest since '07 

Esteemed Contributor
Posts: 7,621
Registered: ‎03-30-2014

I still remember about 1980 or so, wow.  Now I know why old folks say kids are spoiled.  Anyone else remember the mortgage rates?

Respected Contributor
Posts: 3,787
Registered: ‎01-02-2015

@Still Raining wrote:

I still remember about 1980 or so, wow.  Now I know why old folks say kids are spoiled.  Anyone else remember the mortgage rates?


Oh I do ....

Respected Contributor
Posts: 3,081
Registered: ‎03-16-2010

@Still Raining wrote:

I still remember about 1980 or so, wow.  Now I know why old folks say kids are spoiled.  Anyone else remember the mortgage rates?


yes, we took out a business loan. The banker kept apologizing that the interest would be 10%. I knew seniors that were elated that CD rates were 12%+.

 

 

Honored Contributor
Posts: 13,003
Registered: ‎03-09-2010

Again, have to say that I am thrilled with the personal savings rates. 


Why is it, when I have a 50/50 guess at something, I'm always 100% wrong?
Honored Contributor
Posts: 12,295
Registered: ‎03-27-2010

Re: Fed Hikes rates....

[ Edited ]
 
Honored Contributor
Posts: 19,544
Registered: ‎03-09-2010

Glad we aren't looking for a mortgage. 

Honored Contributor
Posts: 12,295
Registered: ‎03-27-2010

Today's market.....it closed down 531 points.   Dow Jon...

Today's market.....it closed down 531 points.

 

Dow Jones Industrial Average
As of 22 March 2023 • 4:05 PM GMT-5
DJI: .DJI
32,030.11USD
-530.49(1.63%)
Today5D1MYTD1Y5YAll
 
 

 

 

 

 

Honored Contributor
Posts: 13,003
Registered: ‎03-09-2010

Re: Fed Hikes rates....

[ Edited ]


@phoenixbrd - my main bank, a large one, had been paying .01 on their money market accounts. They raised the rate to 3.66.....for a money market. I was shocked.

 

They're also offering a 9 month cd for 4.65%. 

My favorite, American Express money market will probably raise their money market rate again, now that the Fed raised interest.  They're currently paying 3.75% for their money market.

 

If you have a 2nd person on the account, or a beneficiary named on the account, the FDIC limit is usually higher. 


Why is it, when I have a 50/50 guess at something, I'm always 100% wrong?