Lower Mortgage Rates delaying the Inevitable

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Lower Mortgage Rates delaying the Inevitable

2009-06-10 21:20:05

Harmor: Error_Name_Not_Found; +605|6848|San Diego, CA, USA

Looks like a lot of mortgages are going to be resetting in the next 2 years. This means we may still be in the middle of this financial mess with housing for the foreseeable future.

Source: Do Lower Rates Help Recasts?

https://img41.imageshack.us/img41/4783/businessweekoptionarm.jpg

2009-06-11 04:54:50

Dilbert_X: The X stands for; +1,817|6405|eXtreme to the maX

I thought many had been renegotiated.

Fuck Israel

2009-06-11 05:17:12

Varegg: Support fanatic :-); +2,206|7109|Nårvei

Nothing new about this ... the interest is set low now to stimulate the economy ... the banks does not make money like it is now so there is no surprice that mortgage rates will slowly climb when the economy starts to recover ... that has been in the cards for a long time ...

So yes ... lower interest rates helps now but if you don't plan your finance with higher rates in mind you will pretty much be fucked the day it starts to climb again ...

Wait behind the line ..............................................................

2009-06-11 05:20:21

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6452|what

And the banks don't always pass on the official interest rates changes immediately... unless its a rise.

2009-06-11 17:54:22

Harmor: Error_Name_Not_Found; +605|6848|San Diego, CA, USA

Varegg wrote:
Nothing new about this ... the interest is set low now to stimulate the economy ... the banks does not make money like it is now so there is no surprice that mortgage rates will slowly climb when the economy starts to recover ... that has been in the cards for a long time ...

So yes ... lower interest rates helps now but if you don't plan your finance with higher rates in mind you will pretty much be fucked the day it starts to climb again ...

Actually interest rates are rising without the economy recovering. 9.4% unemployment, oil over $70/bar, taxes going up...whatever recovery we may have will definitely be stifled by these.

2009-06-12 07:26:46

ATG: Banned; +5,233|6829|Global Command

Yes, a bomb will soon go off.

Sooner it blows, the sooner it can begin to heal I guess.

If the banks and governments had any sense they would rewrite all the are loans now.

But they probably won't, which will prove my theory that this is a designed collapse.

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Varegg wrote:

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