Posted by 25 June 2003

E*Trade’s Efficiency

This is what I like to see from a company – the Fed lowered rates an hour ago, and I just got this e-mail from E*Trade:

We wanted to be the first to let you know that the Fed just cut the Fed Funds rate by ¼%.

In fact the Fed Funds Rate is now at a new 40-year low. While the cut in the Fed Funds Rate does not directly impact mortgage rates, mortgage rates continue to remain at 40-year lows also. Michael, nothing lasts forever, and these 40-year low mortgage rates will inevitably rise again. Which means you have a once in a lifetime opportunity, and probably last chance, to refinance or get a new mortgage loan before rates rise.

RSS Feed Subscribe to get Free Updates.

Comments

  1. Posted by C. Maoxian on June 25, 2003 at 5:38 pm

    Once in a lifetime opportunity, eh?

    If that isn’t a clarion call that mortgage rates are going lower, I don’t know what is. ;-)

  2. Posted by Michael on June 25, 2003 at 5:44 pm

    LOL.. good point Chris.

  3. Posted by Alex on June 25, 2003 at 6:42 pm

    Too bad the “Sideblog” doesn’t have the comment feature. This should really go there..

    A blog inside a blog?? Heh. I have an idea.. For *really* short blog entries, you can have a blog ticker. We can call it “Blicker (TM)”. People put your blicker on their desktops or, better yet, inside their web pages (or blogs!). That way, they don’t actually have to visit your site to see your latest thoughts. Though it must be a very short thought.

    Lol.. Hey, wait. Come to think of it, it’s not such a bad idea.. :o Really. I think I’ll go post it on my blog.

    Blicklets (TM) are individual entries on a blicker (TM) that are normally visible. Blicklets (TM) can link to longer entries on your blog. Or, better yet, when you hover over them, they can show the longer entry. And maybe enen a place to enter comments.

    Dam.. this idea is getting better by the second. :o

  4. Posted by Michael on June 26, 2003 at 1:43 am

    Alex, I think you’ve missed your calling as a programmer! Actually, I’ve had a ‘nested blog for a while. See my quicklinks in the left column. I could have done this sideblog the same way, but I just thought I’d try it out for kicks.

    Here’s how I made the nested blog

  5. Posted by Michael on June 26, 2003 at 1:45 am

    Oh yeah, you reminded me that I’ve been meaning to add a general, non-post specific comments section to this blog. I’ll have to get on that.