...that means the lease and borrowing rate will also go down.

http://biz.yahoo.com/ap/080110/wall_street.html

 

Starting to look more and more likely that it will be a 50 basis point cut next time instead of the usual quarter point. Also saw a story yesterday that Goldman is predicting the Fed will continue cutting until the fed funds rate reaches 2.50% late this year or early next year. 225 basis points below where it is now. Goldman is predicting a recession too. I'll see if I can find that article.


Oops, 175 basis points below where it is now.

 

Here it is:

http://news.yahoo.com/s/nm/20080109/...y_goldman_dc_3

 

Parts of the economy are already in recession.

 

and yet another cut.

http://biz.yahoo.com/ap/080122/fed_interest_rates.html

 

Come to Detroit-its like the 1930s all over again except it looks like someone dropped a bomb in the city and nobody bothered to clean it up

 

If money factors go down so will the residuals. Don't expect much of a change in monthly payments.

 

summer will be prime time to buy homes. that's been my plan for a while now. no car modding for me.. i'll have a new house to furnish

 

best time of the year for sellers is the summer, worst is winter. I'd say if you find the right house buying right now is pretty good since there will be fewer buyers on the market and you can drive a lower selling price. Rates will be lower in summer, prices may be higher and more properties on the market.

 

Dammit!!!

 

I was thinking to getting a house...but me no like mortgages.

 

While owning a home outright is always a nice thing, mortgages have advantages. You can borrow at a very low rate over a ridiculously long period of time. You can write off interest paid. You build up your credit rating.

 

Great news for me. I'm planning on purchasing a parcel of land and building my next house so this will make things even better.

 

Any chance that Infiniti will offer 1.9% for 12-36 month and 2.9% 36-60 month? Have they ever done that before?

 

would love to know this also... im the process in closing a deal on a lease but if the finance is 2.9 i could wait another week for that