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Ironically, my local credit union dropped their 30 year fixed rate from 6.0% to 5.875% after the FED raised rates yesterday. I guess they raised them less than
by dcchambers 4y ago
Ironically, my local credit union dropped their 30 year fixed rate from 6.0% to 5.875% after the FED raised rates yesterday. I guess they raised them less than they were expecting?
- frumper 4y agoSounds like they over-raised them prior to the FED rate hike.
- listenallyall 4y agoLove how people assume it was something nefarious. It's a damn credit union, not a bank. They likely dropped the rate because the long bond (30-year) yield actually dropped after the Fed "raised rates".
- webinvest 4y agoThey were higher due to uncertainty of even higher rate announcements.