Off-Topic: Interest Rates Rising

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	Name:	water_watcher -
	Subject:	Interest Rates Rising
	Date:	12/28/2009 6:22:54 PM

Not true Hound ... I don't like media that ignors all the facts and only gives one side of a story. I don't consider a financial news station that reports on the financial markets and the news that drives it as media ... they are reporting minute by minute news in most cases and relates it to the impact on the market short and long term.

CNBC is a station I watch way too much ... but it has been beneficial.

On interest rates ... they are already rising to over 5%. Granted that is still very low, but I refinanced both homes earlier this year and locked at 4.25% for 30 years with no points or closing costs. So over 5% is a significant move.

Treasuries are moving up which drive mortgage rates. What CNBC reported ... which you can BING is what Freddie Mac said.

Now this could be a way they are trying to get people to rush out and buy a home before rates go higher ... but doubt it.

With China backing off on buying more of our debt and the federal reserve announcing they are going to stop buying 30 year treasuries (which has artificially kept long term rates low), banks getting out of TARP ... all point to higher rates.

Look at the rising yeild curve and you can take higher rates to the bank in 2010 ... guaranteed !!!!

Hope you had a nice Christmas.

Other messages in this thread:

View Entire Thread

Interest Rates Rising - water_watcher - 12/28/2009 2:53:16 PM

Confidence - MAJ USA RET - 12/28/2009 3:55:12 PM

Interest Rates Rising - Talullahhound - 12/28/2009 5:53:41 PM

Interest Rates Rising - water_watcher - 12/28/2009 6:22:54 PM

Story - water_watcher - 12/28/2009 6:26:02 PM

This is REAL scary but - GoneFishin - 12/28/2009 9:09:44 PM

This is REAL scary but - water_watcher - 12/28/2009 9:14:24 PM

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