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Jim Jubak: The Fed's Rate-Cut Problem
From
Peter
Published 23 months ago
Big banks still don’t want to lend to each other. Despite three rate cuts, the premium banks charge other banks has been climbing. That’s also bad news for homeowners, says MSN Money’s Jim Jubak -- because 50% of adjustable rate mortgages are based... more
Big banks still don’t want to lend to each other. Despite three rate cuts, the premium banks charge other banks has been climbing. That’s also bad news for homeowners, says MSN Money’s Jim Jubak -- because 50% of adjustable rate mortgages are based on this interest rate. Hear more from Jim Jubak, the Web's #1 investing columnist, on MSN Money: http://articles.moneycentral.msn.com/Commentary/Experts/Jubak less
- Category: News & Politics
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Rate Cut Means Profits For China: TFN Smart Trading Action Alert 08/22/07
from TodaysFinancialNews
6:44 | 948 views
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