Are rates headed down soon?

[sweeps]

Re: Are rates headed down soon?

Meanwhile.... European Central Bank boosts rate

[frugal saver]

Re: Are rates headed down soon?

I keep track of CD rates on a spreadsheet, and from mid-September to now, several banks have lowered rates (Fireside from 5.48 to 5.12, for example) on one-year CD's and I'm seeing long CD's--three to five years--with much lower rates than 1 year.

I keep most of my CD money in one-year CD's and am really wondering if I should try to lock in longer rates now, (through 2007, as they become due), or just wait?

Any advice?