 Fed cuts rates... again |
| Fed cuts rates... again |
 Jan 22 2008, 10:43 AM
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#1
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9  |
... by three quarters of a percent. Thoughts?
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Jan 25 2008, 06:33 PM
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#2
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No day but today... Group: Members Posts: 773 Joined: 22-February 06 Member No.: 5 |
Interesting about the house discussion stuff you guys are having.
Jason and I just got back from meeting with our mortgage lending company for the house we are buying. His advice to us was to keep all credit cards under a 2:1 ratio of credit limit to balance. Meaning on a $5000 limit card, carrying no more than $2500 on it. Also, he said that since it costs nothing to carry 0 balance on a card (unless you have an annual fee I guess), it was better to have a card with no balance than to close the account. Of course if you had like 20 accounts you should close a few of them. Anyone bold enough to post their credit scores? 
-------------------- Forget regret
or life is yours to miss |
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Jan 25 2008, 09:31 PM
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#3
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 Group: Moderators Posts: 885 Joined: 22-February 06 From: Lubbock, Texas Member No.: 12 |
QUOTE (kcroxyoursox @ Jan 25 2008, 06:33 PM)  Interesting about the house discussion stuff you guys are having. Jason and I just got back from meeting with our mortgage lending company for the house we are buying. His advice to us was to keep all credit cards under a 2:1 ratio of credit limit to balance. Meaning on a $5000 limit card, carrying no more than $2500 on it. Also, he said that since it costs nothing to carry 0 balance on a card (unless you have an annual fee I guess), it was better to have a card with no balance than to close the account. Of course if you had like 20 accounts you should close a few of them. Anyone bold enough to post their credit scores? If its free i'll post mine, but i dont want to have to pay for it |
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Spectatrix Fed cuts rates... again Jan 22 2008, 10:43 AM
impala454 Great... now by the time I buy a house in the summ... Jan 22 2008, 10:53 AM Spectatrix Nah, housing prices are predicted to continue fall... Jan 22 2008, 11:14 AM impala454 Was that before or after the .75% rate cut? Jan 22 2008, 11:15 AM Spectatrix From articles I was reading today, but they might ... Jan 22 2008, 11:18 AM Hartmann Yep. Useless.
The market isn't looking too ba... Jan 22 2008, 11:28 AM impala454 I seriously doubt a 3/4% rate cut will take two ye... Jan 22 2008, 11:33 AM jwttu great time to refinance, too bad i dont have anyth... Jan 22 2008, 11:42 AM dauss I was 10% richer when the year started. It seems ... Jan 22 2008, 04:51 PM blaarg hyperinflation is inevitable. Jan 22 2008, 05:58 PM impala454 so many financial experts in here... Jan 23 2008, 09:17 AM pysex inflation wins Jan 23 2008, 09:20 AM Spectatrix It's all conjecture, Impala. Sometimes educat... Jan 23 2008, 09:22 AM impala454 I know. It's just funny to see people come on... Jan 23 2008, 09:29 AM Spectatrix hyperinflation hyperbole!
ubiquitous uberinfl... Jan 23 2008, 10:21 AM
impala454 QUOTE (Spectatrix @ Jan 23 2008, 10:21 AM... Jan 23 2008, 02:46 PM Spectatrix Savings rates at ING Direct and eTrade went down. Jan 23 2008, 10:36 AM jwttu QUOTE (Spectatrix @ Jan 23 2008, 10:36 AM... Jan 24 2008, 10:38 AM Spectatrix QUOTE (jwttu @ Jan 24 2008, 10:38 AM) yep... Jan 24 2008, 10:44 AM Hartmann QUOTE (Spectatrix @ Jan 24 2008, 10:44 AM... Jan 24 2008, 10:50 AM jwttu QUOTE (Spectatrix @ Jan 24 2008, 10:44 AM... Jan 24 2008, 12:23 PM Spectatrix QUOTE (jwttu @ Jan 24 2008, 12:23 PM) I w... Jan 24 2008, 12:42 PM impala454 No offense but you guys seriously sound like a bun... Jan 24 2008, 01:33 PM jwttu QUOTE (impala454 @ Jan 24 2008, 01:33 PM)... Jan 25 2008, 12:33 PM impala454 QUOTE (jwttu @ Jan 25 2008, 12:33 PM) wel... Jan 25 2008, 01:26 PM jwttu QUOTE (impala454 @ Jan 25 2008, 01:26 PM)... Jan 25 2008, 06:15 PM Spectatrix No offense, but you're one of the last people ... Jan 24 2008, 01:48 PM impala454 QUOTE (Spectatrix @ Jan 24 2008, 01:48 PM... Jan 24 2008, 04:16 PM Spectatrix QUOTE (impala454 @ Jan 24 2008, 04:16 PM)... Jan 24 2008, 04:25 PM impala454 QUOTE (Spectatrix @ Jan 24 2008, 04:25 PM... Jan 24 2008, 04:35 PM 2wolUTT I want some cookies, these Combos are too salty. Jan 24 2008, 01:54 PM Psykopath http://www.yahoo.com/s/791008
....wow.
They of... Jan 24 2008, 04:00 PM Hartmann QUOTE (Psykopath @ Jan 24 2008, 04:00 PM)... Jan 24 2008, 04:07 PM Spectatrix Yes, the carrying a balance thing. Like I said be... Jan 24 2008, 05:09 PM impala454 QUOTE (Spectatrix @ Jan 24 2008, 05:09 PM... Jan 24 2008, 06:12 PM Spectatrix QUOTE (impala454 @ Jan 24 2008, 06:12 PM)... Jan 24 2008, 06:42 PM impala454 QUOTE (Spectatrix @ Jan 24 2008, 06:42 PM... Jan 25 2008, 12:47 AM Spectatrix QUOTE (impala454 @ Jan 25 2008, 12:47 AM)... Jan 25 2008, 09:14 AM impala454 QUOTE (Spectatrix @ Jan 25 2008, 09:14 AM... Jan 25 2008, 10:23 AM Spectatrix QUOTE (impala454 @ Jan 24 2008, 06:12 PM)... Jan 24 2008, 06:45 PM impala454 QUOTE (Spectatrix @ Jan 24 2008, 06:45 PM... Jan 25 2008, 12:50 AM pysex Both of you are right.
Paying your bill MORE than... Jan 24 2008, 10:22 PM Spectatrix AmEx has been good to me thus far. They gave me a... Jan 24 2008, 10:44 PM impala454 QUOTE (Spectatrix @ Jan 24 2008, 10:44 PM... Jan 25 2008, 12:51 AM Hartmann The point of CDs is not to lock up your money but ... Jan 25 2008, 08:36 AM Spectatrix Question for you, Impala: did your mortgage lender... Jan 25 2008, 10:59 AM impala454 QUOTE (Spectatrix @ Jan 25 2008, 10:59 AM... Jan 25 2008, 11:37 AM Spectatrix Well I only have the one card (AmEx). I closed my... Jan 25 2008, 11:54 AM impala454 QUOTE (Spectatrix @ Jan 25 2008, 11:54 AM... Jan 25 2008, 01:23 PM Hartmann Savings accounts are liquid but still have restric... Jan 25 2008, 01:42 PM impala454 Some don't... depends on what bank you go to. Jan 25 2008, 02:40 PM Grif Here is a question: How do they look at it when yo... Jan 25 2008, 03:18 PM impala454 Naw that doesn't look bad on your credit repor... Jan 25 2008, 03:21 PM Spectatrix It's good from the perspective of not having p... Jan 25 2008, 03:28 PM impala454 Yeah school loans (at least mine, and a few other ... Jan 25 2008, 03:32 PM Hartmann QUOTE (impala454 @ Jan 25 2008, 03:32 PM)... Jan 25 2008, 03:37 PM dauss QUOTE (kcroxyoursox @ Jan 25 2008, 07:33 ... Jan 26 2008, 12:39 PM Spectatrix QUOTE (dauss @ Jan 26 2008, 12:39 PM) htt... Jan 26 2008, 07:02 PM Spectatrix It's not free. Jan 25 2008, 10:34 PM James I'll post mine, but it's not so nice since... Jan 26 2008, 08:52 AM kcroxyoursox Mine is around 711. Trying to pay down my credit c... Jan 26 2008, 12:38 PM pysex Mine is 724 and the only negative effect I have is... Jan 27 2008, 12:36 AM impala454 mine was 730something when I bought my truck in au... Jan 28 2008, 01:01 AM Spectatrix Another 1/2 % cut. Down to 3%. http://www.msnbc.... Jan 30 2008, 01:52 PM impala454 now if only the asshat mortgage companies would ge... Jan 30 2008, 01:54 PM |
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