Mortgage rates to the moon.

[old steel]

The 30yr/15yr mortgage rates just spiked, almost 5% for the 30yr now. Does anybody have any idea what is going on? Seems weird it would spike suddenly like this. Anybody watch the 10yr/30yr treasury yields?


http://www.bankrate.com/funnel/graph/

[chad]

i don't have a link, but they are working on getting rid of fannie and freddie. sharrif don't like it.

http://abcnews.go.com/Business/rid-fannie-mae-freddie-mac-means/story?id=19909608

[old steel]

Credit crunch going forward? Looks like it.

[mick silver]

home sales down going forward also . i also dont think there one here didnt think this was not going to happen , just didnt know when . what are the stock market doing , i bet it down

[Cebu_4_2]

The amerikan dream

[madfranks]

i don't have a link...

http://abcnews.go.com/Business/rid-fannie-mae-freddie-mac-means/story?id=19909608

Thanks for the link.

[madfranks]

what are the stock market doing , i bet it down

Currently up almost 120 points. "Healthy, vital recovery" and all.

[Ponce]

Thinking about it........because the bankers knows that the dollar will loose 50% and they want to keep their 3% they have increased the interest by 100%.........you should get ready as they are for what is to come.

V

[chad]

Thanks for the link.

you caught that, did you? ;D

[Sparky]

Yawn. http://finance.yahoo.com/echarts?s=^TNX+Interactive#symbol=^TNX;range=6m

[Neuro]

The 30yr/15yr mortgage rates just spiked, almost 5% for the 30yr now. Does anybody have any idea what is going on? Seems weird it would spike suddenly like this. Anybody watch the 10yr/30yr treasury yields?


http://www.bankrate.com/funnel/graph/
Historically of course a 4.85% rate on a 30 year mortgage isn't very high, unless you look at history through a gold fish perspective, but this is only the beginning of a long process (most likely), and I don't think the end of that process looks particularly good!

[Neuro]

Credit crunch going forward? Looks like it.
The Federal Reserve Bank taketh, and now they are going to taketh more, from the poor.