Zillow Advice: Mortgage - Interest rate vs anual percentage rate

The Fed cuts do reach the ...

Mon, 25 Aug 2008 19:27:00 GMT

The Fed cuts do reach the public. That is why the prime rate is 5% and not 8.25% like it was 12 months ago.

Are these really your own ...

Mon, 25 Aug 2008 18:22:00 GMT

Are these really your own thoughts? Or did you cut and paste this from somehwere?

Federal Interest Rates vs ...

Mon, 25 Aug 2008 18:18:00 GMT

Federal Interest Rates vs Consumer Interest Rates... (edit/delete)
Can we open a dialog about interest rates...?

Question: Why is it that when the 'Fed' lowers interest rates and none of this discount ever reaches the consumer?

When the Fed lowers an interest rate, it is doing what, exactly? Is the Fed just lowering the amount of interest it charges to its own clients for the money it creates in the form of bonds?

If that's anywhere near correct, then when the Fed issues bonds, it further dilutes the value of the dollar, meaning the value of America.

So, if consumers who take loans from banks to buy beachfront property in Santa Rosa Beach, Florida, or a home for sale in Driftwood Estates, don't get the discount from the Fed, who does?

Obvious answer, those who borrow directly from the Fed by purchasing bonds to serve as collateral for funds they loan to consumers.

Those borrowers are what... banks, mortgage companies, and other financial institutions?

So, can it be said that every time the Fed lowers their 'interest rate', the financial institutions get a raise?

Why can't we, consumers, borrow directly from the Fed? Cut out the middle man, so to say...

Sorry Tammy, closed game.. ...

Thu, 17 Jul 2008 19:04:00 GMT

Sorry Tammy, closed game.. The cut off for new guesses was one second after my pick..

Man, tough for a guy to cheat and win..

.125% better I'll take ...

Thu, 17 Jul 2008 18:37:00 GMT

.125% better

I'll take the 18th

Geoff- I'll take the ...

Thu, 17 Jul 2008 18:36:00 GMT

Geoff- I'll take the 17th. :-)

I was sweating yesterday! LOL

Just read this Gulf...I'll ...

Sat, 12 Jul 2008 04:02:00 GMT

Just read this Gulf...I'll take the 16th even though since I won last time you should of had to pick the date first.

"I know the difference between ...

Sat, 12 Jul 2008 02:42:00 GMT

"I know the difference between an APR and APY, I teach finance and mathematics at the university level."

Maybe you should sit in on a class of reading comprehension. The thread was about APR, if you could have read that in the original post we wouldn't be on page 3 now..

Teach would imply present ...

Sat, 12 Jul 2008 00:41:00 GMT

Teach would imply present tense, no? Where is it again that you currently teach? Just clarifying....

Lets see, I taught at Arizona ...

Sat, 12 Jul 2008 00:15:00 GMT

Lets see, I taught at Arizona State University, UC Berkeley, and Scottsdale Community College... you tell me?