October 4th, 2007
The Fed Cut rates on Sept 18 by 50 Basis Points (0.50%).? Since then rates fell much more than I expected.? Now there is talk of another cut at the end of October.
On average so far 1Y rates have fallen 30 Basis Points and the longer term has fallen even further.? Another cut would push rates into the 4.50% range.
-- By +Chris Duncan