A Message Board Dedicated to Discussing St. Louis Cardinals Baseball!
https://gatewayredbirds.org/forum/
I think there is a Wells Fargo Bank in CA offering 4.78% on their website. I'll look later to see if I can find it. Heard it on the news.Hungary Jack wrote:LOL. I don't think the solvent banks are finding too many good loan opportunities right now with consumers leveraged to the hilt and cutting back. Most corporations have healthy balance sheets, and aren't really looking to borrow. Others with bad balance sheets are hemorrhaging red ink and are poor loan prospects. And IIRC, banks do not get involved in commercial paper (unsecured short-term loans).
Sounds like a 6-month CD, maybe one year. Banks do these promotional rates to attract deposits to shore up there reserves and/or to make new loans.AWvsCBsteeeerike3 wrote:I think there is a Wells Fargo Bank in CA offering 4.78% on their website. I'll look later to see if I can find it. Heard it on the news.Hungary Jack wrote:LOL. I don't think the solvent banks are finding too many good loan opportunities right now with consumers leveraged to the hilt and cutting back. Most corporations have healthy balance sheets, and aren't really looking to borrow. Others with bad balance sheets are hemorrhaging red ink and are poor loan prospects. And IIRC, banks do not get involved in commercial paper (unsecured short-term loans).
No, it wsa a 30 year mortgage.Hungary Jack wrote:Sounds like a 6-month CD, maybe one year. Banks do these promotional rates to attract deposits to shore up there reserves and/or to make new loans.AWvsCBsteeeerike3 wrote:I think there is a Wells Fargo Bank in CA offering 4.78% on their website. I'll look later to see if I can find it. Heard it on the news.Hungary Jack wrote:LOL. I don't think the solvent banks are finding too many good loan opportunities right now with consumers leveraged to the hilt and cutting back. Most corporations have healthy balance sheets, and aren't really looking to borrow. Others with bad balance sheets are hemorrhaging red ink and are poor loan prospects. And IIRC, banks do not get involved in commercial paper (unsecured short-term loans).
Holy Schmoly.AWvsCBsteeeerike3 wrote:No, it wsa a 30 year mortgage.Hungary Jack wrote:Sounds like a 6-month CD, maybe one year. Banks do these promotional rates to attract deposits to shore up there reserves and/or to make new loans.AWvsCBsteeeerike3 wrote:I think there is a Wells Fargo Bank in CA offering 4.78% on their website. I'll look later to see if I can find it. Heard it on the news.Hungary Jack wrote:LOL. I don't think the solvent banks are finding too many good loan opportunities right now with consumers leveraged to the hilt and cutting back. Most corporations have healthy balance sheets, and aren't really looking to borrow. Others with bad balance sheets are hemorrhaging red ink and are poor loan prospects. And IIRC, banks do not get involved in commercial paper (unsecured short-term loans).
I can't find it on their site, so i may have heard it wrong. But, I could have sworn i heard cnbc report that this morning on the news b/c my reaction was rather similar.Hungary Jack wrote:Holy Schomly
Still, just the fact it's available, if it indeed is, is crazy.cardinalkarp wrote:I've got a feeling not many qualify for that one.
The Wells Fargo website has that rate listed in their "Today's rates" section. It does not say if if you to pay any points to get that rate.AWvsCBsteeeerike3 wrote:
I think there is a Wells Fargo Bank in CA offering 4.78% on their website. I'll look later to see if I can find it. Heard it on the news.