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Name:	water_watcher -	Reply
Subject:	Interest Rates Rising
Date:	12/28/2009 2:53:16 PM

Watching CNBC and Feddie Mac is forecasting that already rising mortgage rates from historical lows, will continue to rise steadily in 2010. Their projection is between 6% - 7% by the end of 2010.

We are on our way back to the Carter years. Slow economy, high unemployment and high interest rates. Oh yeah ... the good old years.

Lets have more government spending and raise taxes more to fix that problem ... then we can add hyper inflation to the mix as well.

Name:	MAJ USA RET -	Reply
Subject:	Confidence
Date:	12/28/2009 3:55:12 PM

Hmmmm... so, are you confident that CNBC has the story correct?

Name:	Talullahhound -	Reply
Subject:	Interest Rates Rising
Date:	12/28/2009 5:53:41 PM

I thought you scorned the "government controlled media" -- or is that only when it doesn't agree with what you think (wish, hope).

Interest rates will not go up until 2011. Bank on it.

Name:	water_watcher -	Reply
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.

Name:	water_watcher -	Reply
Subject:	Story
Date:	12/28/2009 6:26:02 PM

http://www.cnbc.com/id/34585611

URL: Rates Rising

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

I agree with Water Man. Here is an article I would like to share with you.

URL: http://www.thedailycrux.com/content/3720/Bonds/eml

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

Wow ... very concerning projections.

BTW, I just move some funds in to an Ultra short fund that is tied to US Treasury yields. Very safe investment as long as the US does not collapse ... with excellent upside potential with tresury yields rising.

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