5 year fixed rates thread

[ILoveProperty]

I ask, will we see another stock market crash in Sept 09?

Not likely?

 

[JIT]

SFE predicts cash rate +2% in 12 months' time + a margin for the banks...

So even if they're only 50% right, discounted variable rates could be around 6.5% in 12 months' time...

 

[redwing]

The US Federal Reserve just raised their rate from 0.50% to 0.75%, the first time since June 2006 according to world news.

How big a deal is this in the scheme of things?

 

[Rixter]

The US Federal Reserve just raised their rate from 0.50% to 0.75%, the first time since June 2006 according to world news.

How big a deal is this in the scheme of things?

Aussie $$ will probably drop. Expense costs increase for imports and decrease for exports. Overseas holidays will cost more BUt if you dont have to worry where your next $ is coming from it wont really matter at all

 

[hobo-jo]

The US Federal Reserve just raised their rate from 0.50% to 0.75%, the first time since June 2006 according to world news.
How big a deal is this in the scheme of things?

They only raised the bank discount/emergency funding rate, likely not a big deal at all, see thread here:
http://www.somersoft.com/forums/showthread.php?t=59834

Not the same as the Fed Funds rate, which is still at 0-.25%...