Stock Markets Exposed
how does the stock market affect the prime interest rates?
i am a homeowner and i want to refinance to a lower interest rate. i have a penalty if i finance before august 1st of this year. what are the current interest rates and will it be wise for me to wait til july or are they going to rise becaue of the record breaking nasdaq gains? please explain how the stock market influences the rates and any trends that seem to lower or raise rates. what should i be on the lookout for?
Public Comments
- Everybody else wants to know how prime affects the stock market. lol When the Fed sets rates, that affects prime. Greenspan was famous for indicating he did not let stock market action influence him much. I think it is still the same, just less certain. More helpful to you is to look at the rate trend.
- it doesn't. the Fed sets the interest rates, the market responds. if i had to bet, i would bet that the rates will keep going up though, so best to lock in a good rate now.
