Interest Rates

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Federal Reserve has forced long term interest rates to historic lows in a desperate attempt to “stimulate” both the housing market and the economy in general.  The results have been mixed but the benefits of lower […]

Why The Biggest Risk To The Economy Is A Strong Recovery

Why The Biggest Risk To The Economy Is A Strong Recovery

Concerns about the current economic mess turning into another Great Depression seem to have faded.  The consensus view of  government officials and private economists seems to be that the economy, although still fragile,  is well on its […]

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Fed Sees Solution In Zero Rates The Federal Reserve recently vowed to keep interest rates “exceptionally low”  for the foreseeable future in an attempt to revive the economy.   Since mid 2006 the Fed has brought the […]

Artificial Mortgage Rates Drop To 4.75%

Artificial Mortgage Rates Drop To 4.75%

Fed Manipulation Of Mortgage Rates Continues Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage.  As […]

Loan Sharks “Salvation” For Many At 2,437% Interest Rates

Loan Sharks: The New Subprime Lenders With A Twist – They Expect To Get Repaid – And Why A Loan At 2,437% Interest Makes Sense For every loser, there is a winner.  Since the demise of the […]

Dear Congress – Thanks For Doubling My Credit Card Interest Rate

Dear Congress - Thanks For Doubling My Credit Card Interest Rate

Congress Takes Bow For Credit Card Act of 2009 The Credit Card Act of 2009 was intended to curb certain practices of the credit card industry that were deemed abusive to consumers.  With a great deal of […]

“Liar Loans” – RIP – October 1, 2009

Liar Loans To Be Prohibited No income verification and stated income mortgage loans have been available to borrowers for many years.   As originally conceived, a no income verification loan was a sound product, offering highly qualified […]

Mortgage Refinances Drop 11% As Rates Remain Low

Refinances Decline as Rates Stabilize The latest weekly survey from the Mortgage Bankers Association showed a decrease of 6.3% in mortgage loan applications.   Application volume compared to the previous year increased by 16%. The interesting aspect of […]

The Fed’s Contribution To Ponzi Schemes

12% Returns – “Guaranteed” You don’t know whether to laugh or cry every time another Ponzi scheme comes to light. July 28 (Bloomberg) — The U.S. Securities and Exchange Commission said it halted a $50 million Ponzi […]