Hope none of you are trying to sell a house...
Hope none of you are trying to sell a house...
Strangely this earth shattering news hasn't been picked up by any wire service. Hmmmm.
livinlite wrote:
Hope none of you are trying to sell a house...
http://market-ticker.org/
No, I'm not. But thanks for the thought.
Don't believe everything you read on the internet. A simple search of just 2 banks' websites (Wells Fargo & Chase) both show rates below 6% (5.125% & 5.625% respectively).
INFLATION BABY!!! Start using "cloth" on those diaper dandies.
It was on Reuters six hours ago.
The rates will only go up when the demand does. I haven't seen that happen. The only residentail loans the banks have been making are refinances. As a whole, the banks are not loaning any of the govt giveaway money, they are just shuffling it around and trying to make it look like they are loaning it. They are just using it as reserves to make their books look better so their stock goes up and they make more money themselves.