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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Interest rates
Posted by:
Obamamyass!
()
Date: June 08, 2009 02:26PM
Well, here we are in June and the interest rates have gone up to 5.45%! Ya obama! You're the best...after people where finally feeling comfortable and buying new homes you screw them again! Now we are stuck and can't lock-in and as Jim Carey said in "liar liar" we just have to sit here and take in up the butt! Good job Mr. Pres!
Re: Interest rates
Posted by:
Obamamyass!
()
Date: June 08, 2009 02:29PM
Well, here we are in June and the interest rates have gone up to 5.45%! Ya Obama! You're the best...after people were finally feeling comfortable and buying new homes you screw them again! Now we are stuck and can't lock-in and as Jim Carey said in "liar liar" we just have to sit here and take in up the butt! Good job Mr. Pres!
fixed a typo before being called dumb names...
fixed a typo before being called dumb names...
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 02:40PM
Sorry, but your lack of economic comprehension, combined with your spelling deficiencies still warrant you a dumb name.
Nice try there, Sparky.
.
Attachments:
Nice try there, Sparky.
.
Attachments:
Re: Interest rates
Posted by:
Furfur
()
Date: June 08, 2009 02:44PM
Sounds like another "Govt is the problem/Tin Whiskers/Tighty Whitey" thread...
Seriously, STFU.
---------------------------------------------------------------------------------------------
“It's too bad that stupidity isn't painful." - Anton Lavey
Seriously, STFU.
---------------------------------------------------------------------------------------------
“It's too bad that stupidity isn't painful." - Anton Lavey
Re: Interest rates
Posted by:
obamamyass!
()
Date: June 08, 2009 02:44PM
You and you're stupid pics mean nothing! Read the paper! They are going to keep rising! Feds spending = american people paying more!
§ Wrote:
-------------------------------------------------------
> Sorry, but your lack of economic comprehension,
> combined with your spelling deficiencies still
> warrant you a dumb name.
>
> Nice try there, Sparky.
>
> .
§ Wrote:
-------------------------------------------------------
> Sorry, but your lack of economic comprehension,
> combined with your spelling deficiencies still
> warrant you a dumb name.
>
> Nice try there, Sparky.
>
> .
Re: Interest rates
Posted by:
pgens
()
Date: June 08, 2009 02:46PM
Well genius, what about those of us who have rates tied to the LIBOR and enjoying adjustments to 3% in the last couple of months?
Re: Interest rates
Posted by:
??
()
Date: June 08, 2009 02:49PM
good for you, what about people who can't get that because they can't lock in? Wake up-things are getting worse not better. Fking bandwagon nonsense!
pgens Wrote:
-------------------------------------------------------
> Well genius, what about those of us who have rates
> tied to the LIBOR and enjoying adjustments to 3%
> in the last couple of months?
pgens Wrote:
-------------------------------------------------------
> Well genius, what about those of us who have rates
> tied to the LIBOR and enjoying adjustments to 3%
> in the last couple of months?
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 02:51PM
Precisely. Just because Gov't is the problem/Tin Whiskers/tighty righty can't invest and secure cheap financing appropriately, doesn't mean it fails.
Whuttadoosh.
.
Attachments:
Whuttadoosh.
.
Attachments:
Re: Interest rates
Posted by:
what the F
()
Date: June 08, 2009 02:54PM
YES it does-because it's not just one person! It is all the others who fell for the BS low interest rate for what a few months and jumped in! We are now getting screwed!
§ Wrote:
-------------------------------------------------------
> Precisely. Just because Gov't is the problem/Tin
> Whiskers/tighty righty can't invest and secure
> cheap financing appropriately, doesn't mean it
> fails.
>
> Whuttadoosh.
>
> .
§ Wrote:
-------------------------------------------------------
> Precisely. Just because Gov't is the problem/Tin
> Whiskers/tighty righty can't invest and secure
> cheap financing appropriately, doesn't mean it
> fails.
>
> Whuttadoosh.
>
> .
Re: Interest rates
Posted by:
Furfur
()
Date: June 08, 2009 02:57PM
Original poster's news source:
Attachments:
Attachments:
Re: Interest rates
Posted by:
2wrongs
()
Date: June 08, 2009 03:07PM
Furfur Wrote:
-------------------------------------------------------
> Original poster's news source:
Normally I hate that damn owl but that's some funny shit! +1
-------------------------------------------------------
> Original poster's news source:
Normally I hate that damn owl but that's some funny shit! +1
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 03:07PM
what the F Wrote:
-------------------------------------------------------
> We are now getting screwed!
-------------------------------
What do you mean "we"?
.
Attachments:
-------------------------------------------------------
> We are now getting screwed!
-------------------------------
What do you mean "we"?
.
Attachments:
Re: Interest rates
Posted by:
formerhick76
()
Date: June 08, 2009 03:16PM
Obamamyass! Wrote:
-------------------------------------------------------
> Well, here we are in June and the interest rates
> have gone up to 5.45%! Ya obama! You're the
> best...after people where finally feeling
> comfortable and buying new homes you screw them
> again! Now we are stuck and can't lock-in and as
> Jim Carey said in "liar liar" we just have to sit
> here and take in up the butt! Good job Mr. Pres!
I know, it's as if we've forgotten how President Kerry screwed up the economy in the latter part of 2008.
-------------------------------------------------------
> Well, here we are in June and the interest rates
> have gone up to 5.45%! Ya obama! You're the
> best...after people where finally feeling
> comfortable and buying new homes you screw them
> again! Now we are stuck and can't lock-in and as
> Jim Carey said in "liar liar" we just have to sit
> here and take in up the butt! Good job Mr. Pres!
I know, it's as if we've forgotten how President Kerry screwed up the economy in the latter part of 2008.
Re: Interest rates
Posted by:
Vince(1)
()
Date: June 08, 2009 03:25PM
The last 9 years have assured that interest rate will rise..so will inflation...prepare for it...and hope we have a healthy economy to dampen the blow...and smart people to manage it. I have more faith in Obama and Benake to manage it then anyone on the horizon.
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
Edited 1 time(s). Last edit at 06/08/2009 03:35PM by Vince(1).
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
Edited 1 time(s). Last edit at 06/08/2009 03:35PM by Vince(1).
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 03:31PM
Vince. This is how your post reads...
.
Attachments:
.
Attachments:
Re: Interest rates
Posted by:
WHATEVER BS
()
Date: June 08, 2009 03:53PM
Regardless of who is in charge, Obama has not held up to his BS promises. So far he has made matters worse with all these handouts!
Once it hits your ass, you won't be making fun!
Once it hits your ass, you won't be making fun!
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 04:20PM
Well, again, you're alone in your opinion. A majority of citizens believe he is fulfilling his campaign promises and has our country on the right track.
So, take your buzz-kill attitude and failed Republican ideology elsewhere.
.
Attachments:
So, take your buzz-kill attitude and failed Republican ideology elsewhere.
.
Attachments:
Re: Interest rates
Posted by:
Govt is the Problem,.
()
Date: June 08, 2009 04:33PM
Furfur Wrote:
-------------------------------------------------------
> Sounds like another "Govt is the problem/Tin
> Whiskers/Tighty Whitey" thread...
>
>
>
> Seriously, STFU.
I am in no way related to this thread. Please get my name out of your mouth. Thank you!
-------------------------------------------------------
> Sounds like another "Govt is the problem/Tin
> Whiskers/Tighty Whitey" thread...
>
>
>
> Seriously, STFU.
I am in no way related to this thread. Please get my name out of your mouth. Thank you!
Re: Interest rates
Posted by:
Gpvt is the Problem'
()
Date: June 08, 2009 04:37PM
§ Wrote:
-------------------------------------------------------
> Precisely. Just because Gov't is the problem/Tin
> Whiskers/tighty righty can't invest and secure
> cheap financing appropriately, doesn't mean it
> fails.
>
> Whuttadoosh.
>
> .
See above. Same goes for you. (Standing by for your immature picture reply...)
-------------------------------------------------------
> Precisely. Just because Gov't is the problem/Tin
> Whiskers/tighty righty can't invest and secure
> cheap financing appropriately, doesn't mean it
> fails.
>
> Whuttadoosh.
>
> .
See above. Same goes for you. (Standing by for your immature picture reply...)
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 04:37PM
We'll get your name out of our mouths so long as you recipricate.
.
.
Re: Interest rates
Posted by:
Obamasucksbutt
()
Date: June 08, 2009 05:00PM
§ Wrote:
-------------------------------------------------------
> We'll get your name out of our mouths so long as
> you recipricate.
>
>
> .
AND SO DO ALL YOU BANDWAGON MOFOS! I WILL GIVE IT A YEAR AND SLOWLY WATCH THE US FALL APART!
-------------------------------------------------------
> We'll get your name out of our mouths so long as
> you recipricate.
>
>
> .
AND SO DO ALL YOU BANDWAGON MOFOS! I WILL GIVE IT A YEAR AND SLOWLY WATCH THE US FALL APART!
Re: Interest rates
Posted by:
Ha!!HA!
()
Date: June 08, 2009 05:11PM
§ Wrote:
-------------------------------------------------------
> .
Dude, does your loser ass work? You prolly like Obama cuz he gave your ass a free handout!
-------------------------------------------------------
> .
Dude, does your loser ass work? You prolly like Obama cuz he gave your ass a free handout!
Re: Interest rates
Posted by:
interesting.mr.pres
()
Date: June 08, 2009 05:18PM
Mortgage Rates Rising as Fed Spends
(June 6) - The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.
But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.
That's the Catch-22 threatening to make an awful housing market potentially worse and keep the economy stuck in a funk. Kick-starting the economy requires higher spending, but rising rates mean fewer Americans will be able to refinance their home loans. And some potential buyers will be shut out of the market by higher monthly payments they won't be able to afford.
To understand how this is all connected, you have to think like a bond trader. Inflation is their enemy because it means the purchasing power of the dollars they receive when bonds eventually are paid off will be diminished. The only question is by how much.
Yields on 10-year Treasury notes, a benchmark for home mortgages and other consumers loans, jumped from 2.5 percent in March around the time of the Fed announcement to as high as 3.7 percent in recent days as signs that efforts to stabilize the financial system and economy were starting to pay off. And 30-year mortgage rates jumped more than a quarter-point this week to 5.29 percent, the highest level since December, Freddie Mac reported.
"If the meltdown continues in the bond market, then mortgage yields will soon be at levels that choke off refinancing activity," said economist Ed Yardeni, who runs his own investment firm. "Even worse, they could abort any necessary recovery in home sales and prices."
Yardeni coined the term "bond vigilantes" in 1983 to describe how traders took matters into their own hands when they felt the Fed wasn't doing enough to fight inflation, which was running at an annual rate of more than 3 percent at that time.
So what has set off the vigilantes this spring, at a time when the consumer price index is down at an annual rate of 0.7 percent?
One explanation is that bond investors anticipate a greater supply of government debt being sold to fund federal spending. Investors are also increasingly fearful that the trillions of dollars the government will need to borrow in the coming years to finance the various stimulus programs will lead to a new bout of inflation.
The White House estimates that the government will rack up an unprecedented $1.8 trillion budget deficit this year — more than four times last year's all-time high.
"The bond market is calling the Federal Reserve out," said Mike Larson, a real estate analyst at Weiss Research Inc. in Jupiter, Fla. "Investors are saying that the Fed can't just print money out of thin air to finance a massive deficit."
Fed Chairman Ben Bernanke acknowledged Wednesday in congressional testimony that large budget deficits could threaten financial stability by eventually eroding investor confidence and endangering the economy's prospects for long-term health.
"Even as we take steps to address the recession and threats to financial stability, maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance," Bernanke told the House Budget Committee.
That kind of talk is meant to calm bond investors' nerves. It also shows the quandary faced by Bernanke and other federal officials. They need to hold down interest rates through massive government spending at the same time they have to deal with worries over how that spending could damage the economy over the long term.
After Fed policymakers this spring said they would buy billions of dollars of government debt and more than $1 trillion of mortgage securities, 30-year fixed mortgage rates fell to 4.78 percent in April, the lowest since Freddie Mac started surveying rates in 1971.
Sales of new and existing homes began to trend higher. Mortgage refinancings also jumped, allowing borrowers to lock in lower rates. Fee income from this activity helped lift profits at many battered banks and gave consumers more disposable income to spend, which helped lift their confidence about the economy's prospects. All that was good for the nation's businesses.
But now, surging mortgage rates are threatening to undermine all that. Seventy percent of refinancing activity could be knocked out as rates close in on 5.5 percent, according to Mark Hanson, a managing director at the independent research firm Field Check Group of Menlo Park, Calif.
That's because homeowners wouldn't get much of a benefit if a refinancing only reduces monthly payments a tiny bit while they are stuck paying closing costs that typically run about 2 percent of the loan amount.
Also, many homeowners who wanted to refinance didn't lock in the super-low rates in April when the refi boom took off. "Half the deals in the pipeline are dead," Hanson said. "People were applying to refinance to improve their situation, but now they are seeing it won't be much improved."
All this means that even though mortgage rates are still low by historical standards, many of the trends that seem to be pointing to economic recovery in recent months could be undone fast.
(June 6) - The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.
But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.
That's the Catch-22 threatening to make an awful housing market potentially worse and keep the economy stuck in a funk. Kick-starting the economy requires higher spending, but rising rates mean fewer Americans will be able to refinance their home loans. And some potential buyers will be shut out of the market by higher monthly payments they won't be able to afford.
To understand how this is all connected, you have to think like a bond trader. Inflation is their enemy because it means the purchasing power of the dollars they receive when bonds eventually are paid off will be diminished. The only question is by how much.
Yields on 10-year Treasury notes, a benchmark for home mortgages and other consumers loans, jumped from 2.5 percent in March around the time of the Fed announcement to as high as 3.7 percent in recent days as signs that efforts to stabilize the financial system and economy were starting to pay off. And 30-year mortgage rates jumped more than a quarter-point this week to 5.29 percent, the highest level since December, Freddie Mac reported.
"If the meltdown continues in the bond market, then mortgage yields will soon be at levels that choke off refinancing activity," said economist Ed Yardeni, who runs his own investment firm. "Even worse, they could abort any necessary recovery in home sales and prices."
Yardeni coined the term "bond vigilantes" in 1983 to describe how traders took matters into their own hands when they felt the Fed wasn't doing enough to fight inflation, which was running at an annual rate of more than 3 percent at that time.
So what has set off the vigilantes this spring, at a time when the consumer price index is down at an annual rate of 0.7 percent?
One explanation is that bond investors anticipate a greater supply of government debt being sold to fund federal spending. Investors are also increasingly fearful that the trillions of dollars the government will need to borrow in the coming years to finance the various stimulus programs will lead to a new bout of inflation.
The White House estimates that the government will rack up an unprecedented $1.8 trillion budget deficit this year — more than four times last year's all-time high.
"The bond market is calling the Federal Reserve out," said Mike Larson, a real estate analyst at Weiss Research Inc. in Jupiter, Fla. "Investors are saying that the Fed can't just print money out of thin air to finance a massive deficit."
Fed Chairman Ben Bernanke acknowledged Wednesday in congressional testimony that large budget deficits could threaten financial stability by eventually eroding investor confidence and endangering the economy's prospects for long-term health.
"Even as we take steps to address the recession and threats to financial stability, maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance," Bernanke told the House Budget Committee.
That kind of talk is meant to calm bond investors' nerves. It also shows the quandary faced by Bernanke and other federal officials. They need to hold down interest rates through massive government spending at the same time they have to deal with worries over how that spending could damage the economy over the long term.
After Fed policymakers this spring said they would buy billions of dollars of government debt and more than $1 trillion of mortgage securities, 30-year fixed mortgage rates fell to 4.78 percent in April, the lowest since Freddie Mac started surveying rates in 1971.
Sales of new and existing homes began to trend higher. Mortgage refinancings also jumped, allowing borrowers to lock in lower rates. Fee income from this activity helped lift profits at many battered banks and gave consumers more disposable income to spend, which helped lift their confidence about the economy's prospects. All that was good for the nation's businesses.
But now, surging mortgage rates are threatening to undermine all that. Seventy percent of refinancing activity could be knocked out as rates close in on 5.5 percent, according to Mark Hanson, a managing director at the independent research firm Field Check Group of Menlo Park, Calif.
That's because homeowners wouldn't get much of a benefit if a refinancing only reduces monthly payments a tiny bit while they are stuck paying closing costs that typically run about 2 percent of the loan amount.
Also, many homeowners who wanted to refinance didn't lock in the super-low rates in April when the refi boom took off. "Half the deals in the pipeline are dead," Hanson said. "People were applying to refinance to improve their situation, but now they are seeing it won't be much improved."
All this means that even though mortgage rates are still low by historical standards, many of the trends that seem to be pointing to economic recovery in recent months could be undone fast.
Re: Interest rates
Posted by:
formerhick76
()
Date: June 08, 2009 05:26PM
If these posts were made in 2011 or 2012, I might understand; hell, I might even agree with them. But I think most of the current crop of anti-Obama folks decided on January 19 that he was a failure.
Re: Interest rates
Posted by:
not-really
()
Date: June 08, 2009 05:31PM
I don't think he is a failure, I just think he doesn't know what he is doing.....
formerhick76 Wrote:
-------------------------------------------------------
> If these posts were made in 2011 or 2012, I might
> understand; hell, I might even agree with them.
> But I think most of the current crop of anti-Obama
> folks decided on January 19 that he was a failure.
formerhick76 Wrote:
-------------------------------------------------------
> If these posts were made in 2011 or 2012, I might
> understand; hell, I might even agree with them.
> But I think most of the current crop of anti-Obama
> folks decided on January 19 that he was a failure.
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 05:33PM
Ha!!HA! Wrote:
-------------------------------------------------------
> Dude, does your loser ass work? You prolly like
> Obama cuz he gave your ass a free handout!
No, I don't work. I have a well-established career. Who the fuck works besides people like you who work at Target with your hot red shirt during the day and then Best Buy with your cool blue shirt at night?
I don't believe in handouts either. I make enough money to afford the best and the greatest. So, how'd life turn out for you?
.
Attachments:
-------------------------------------------------------
> Dude, does your loser ass work? You prolly like
> Obama cuz he gave your ass a free handout!
No, I don't work. I have a well-established career. Who the fuck works besides people like you who work at Target with your hot red shirt during the day and then Best Buy with your cool blue shirt at night?
I don't believe in handouts either. I make enough money to afford the best and the greatest. So, how'd life turn out for you?
.
Attachments:
Re: Interest rates
Posted by:
Haa! Ha!
()
Date: June 08, 2009 05:41PM
Actually loser, life is great! Beside this slack ass running the country that you seem to give head to nightly! Yeah, I am so sure you are so well established....hahaha! You make enough money to order McD's living out of mommy and daddy's basement? And I like Target, next time I am there I will pick you up some pull-ups baby bitch!
Re: Interest rates
Posted by:
don't worry, be happy
()
Date: June 08, 2009 05:49PM
Don't worry friend...Obama promises more than 600,000 stimulus jobs soon- so everything will be perfect then.
Hahahahahahahahahahahahaha
Hahahahahahahahahahahahaha
Re: Interest rates
Posted by:
love.it
()
Date: June 08, 2009 05:55PM
+1
and I too shall have the best and greatest of everything!
and I too shall have the best and greatest of everything!
Re: Interest rates
Posted by:
§
()
Date: June 08, 2009 06:08PM
Right. Sure you will, internet tough guy. Your mental clarity appears to be lacking, but your level of education is perfectly clear. I'm guessing that you have no advanced degree and no professional experience. Perhaps some college or even a technical school. That's just fine. The world needs people like you to clean up after people like me.
Here's a photo of you I lifted from your Facebook page. Good stuff. Really.
.
Here's a photo of you I lifted from your Facebook page. Good stuff. Really.
.
Re: Interest rates
Posted by:
Haaa! HA!
()
Date: June 08, 2009 07:35PM
How did you know that was me! I am blowin kisses at your fat ass! You're right it is people like me who have to clean after people like you.....fat, lazy, stupid and clearly have a lack of smarts. Actually, I am sure it's people like your mom cleaning up after you. Make sure you eat all your din din and take a bath so mommy can clean your fat ass up!
Re: Interest rates
Posted by:
-SBS--
()
Date: June 08, 2009 09:33PM
Vince(1) Wrote:
-------------------------------------------------------
> I have more faith in ... Benake to manage it
> then anyone on the horizon.
LOL! Watched him being interviewed on 60 minutes last night. That guy is a complete and utter moron.
-------------------------------------------------------
> I have more faith in ... Benake to manage it
> then anyone on the horizon.
LOL! Watched him being interviewed on 60 minutes last night. That guy is a complete and utter moron.
Re: Interest rates
Posted by:
formerhick76
()
Date: June 09, 2009 07:46AM
I know! Bernanke should just raise interest rates and let all the bad banks fail. I mean, it worked so well in 1930 ...
Re: Interest rates
Posted by:
pgens
()
Date: June 09, 2009 08:09AM
?? Wrote:
-------------------------------------------------------
> good for you, what about people who can't get that
> because they can't lock in? Wake up-things are
> getting worse not better. Fking bandwagon
> nonsense!
You said "the" interest rates have gone up, I simply offer that only some are affected by that. If you can't lock in, it is because you either 1) were too late in applying for and securing a loan, or 2) didn't qualify and shouldn't have the loan anyway.
Seriously, WTF? The rate is 5%, the rate is 5.5%, the rate is 6%. Who cares? If you don't qualify for the loan at 5.5% you probably wouldn't have qualified for or be able to afford 5% or 4.75% either. Sorry, that's the reality, and the denial of that reality caused a pretty serious mess.
-------------------------------------------------------
> good for you, what about people who can't get that
> because they can't lock in? Wake up-things are
> getting worse not better. Fking bandwagon
> nonsense!
You said "the" interest rates have gone up, I simply offer that only some are affected by that. If you can't lock in, it is because you either 1) were too late in applying for and securing a loan, or 2) didn't qualify and shouldn't have the loan anyway.
Seriously, WTF? The rate is 5%, the rate is 5.5%, the rate is 6%. Who cares? If you don't qualify for the loan at 5.5% you probably wouldn't have qualified for or be able to afford 5% or 4.75% either. Sorry, that's the reality, and the denial of that reality caused a pretty serious mess.
Re: Interest rates
Posted by:
Melissa
()
Date: June 09, 2009 08:41AM
pgens Wrote:
-------------------------------------------------------
> ?? Wrote:
> --------------------------------------------------
> -----
> > good for you, what about people who can't get
> that
> > because they can't lock in? Wake up-things are
> > getting worse not better. Fking bandwagon
> > nonsense!
>
> You said "the" interest rates have gone up, I
> simply offer that only some are affected by that.
> If you can't lock in, it is because you either 1)
> were too late in applying for and securing a loan,
> or 2) didn't qualify and shouldn't have the loan
> anyway.
>
> Seriously, WTF? The rate is 5%, the rate is 5.5%,
> the rate is 6%. Who cares? If you don't qualify
> for the loan at 5.5% you probably wouldn't have
> qualified for or be able to afford 5% or 4.75%
> either. Sorry, that's the reality, and the denial
> of that reality caused a pretty serious mess.
Very true. That percentage point shouldn't be the deciding factor. Of course, no one WANTS to pay the extra interest, but if someone can't afford it, it's time to save up a little more money before buying. Besides, property tax fluctuates annually, changing mortgage payments. Mine went up about $150 a month a couple of years ago. People need to learn the importance of buying within their means. If that means renting a little longer, so be it.
----------------------------------------------------------------------------------
Being vague is almost as fun as that other thing.
-------------------------------------------------------
> ?? Wrote:
> --------------------------------------------------
> -----
> > good for you, what about people who can't get
> that
> > because they can't lock in? Wake up-things are
> > getting worse not better. Fking bandwagon
> > nonsense!
>
> You said "the" interest rates have gone up, I
> simply offer that only some are affected by that.
> If you can't lock in, it is because you either 1)
> were too late in applying for and securing a loan,
> or 2) didn't qualify and shouldn't have the loan
> anyway.
>
> Seriously, WTF? The rate is 5%, the rate is 5.5%,
> the rate is 6%. Who cares? If you don't qualify
> for the loan at 5.5% you probably wouldn't have
> qualified for or be able to afford 5% or 4.75%
> either. Sorry, that's the reality, and the denial
> of that reality caused a pretty serious mess.
Very true. That percentage point shouldn't be the deciding factor. Of course, no one WANTS to pay the extra interest, but if someone can't afford it, it's time to save up a little more money before buying. Besides, property tax fluctuates annually, changing mortgage payments. Mine went up about $150 a month a couple of years ago. People need to learn the importance of buying within their means. If that means renting a little longer, so be it.
----------------------------------------------------------------------------------
Being vague is almost as fun as that other thing.
Re: Interest rates
Posted by:
Vince(1)
()
Date: June 09, 2009 08:49AM
-SBS-- Wrote:
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > I have more faith in ... Benake to manage it
> > then anyone on the horizon.
>
> LOL! Watched him being interviewed on 60 minutes
> last night. That guy is a complete and utter
> moron.
How so?
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > I have more faith in ... Benake to manage it
> > then anyone on the horizon.
>
> LOL! Watched him being interviewed on 60 minutes
> last night. That guy is a complete and utter
> moron.
How so?
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
Re: Interest rates
Posted by:
Obamamyass!!
()
Date: June 09, 2009 09:20AM
I have qualified and secured my loan. However, I was much more comfortable with my mortgage being $200 less to go towards other things, like my kids, etc...so that has nothing to do with it. It has to do with the housing market was finally picking back up and now the feds are making a mess of it again.
pgens Wrote:
-------------------------------------------------------
> ?? Wrote:
> --------------------------------------------------
> -----
> > good for you, what about people who can't get
> that
> > because they can't lock in? Wake up-things are
> > getting worse not better. Fking bandwagon
> > nonsense!
>
> You said "the" interest rates have gone up, I
> simply offer that only some are affected by that.
> If you can't lock in, it is because you either 1)
> were too late in applying for and securing a loan,
> or 2) didn't qualify and shouldn't have the loan
> anyway.
>
> Seriously, WTF? The rate is 5%, the rate is 5.5%,
> the rate is 6%. Who cares? If you don't qualify
> for the loan at 5.5% you probably wouldn't have
> qualified for or be able to afford 5% or 4.75%
> either. Sorry, that's the reality, and the denial
> of that reality caused a pretty serious mess.
pgens Wrote:
-------------------------------------------------------
> ?? Wrote:
> --------------------------------------------------
> -----
> > good for you, what about people who can't get
> that
> > because they can't lock in? Wake up-things are
> > getting worse not better. Fking bandwagon
> > nonsense!
>
> You said "the" interest rates have gone up, I
> simply offer that only some are affected by that.
> If you can't lock in, it is because you either 1)
> were too late in applying for and securing a loan,
> or 2) didn't qualify and shouldn't have the loan
> anyway.
>
> Seriously, WTF? The rate is 5%, the rate is 5.5%,
> the rate is 6%. Who cares? If you don't qualify
> for the loan at 5.5% you probably wouldn't have
> qualified for or be able to afford 5% or 4.75%
> either. Sorry, that's the reality, and the denial
> of that reality caused a pretty serious mess.
Re: Interest rates
Posted by:
pgens
()
Date: June 09, 2009 09:25AM
Bernanke is no idiot, he's a very bright fellow. That said, he (as with anyone else) is not omniscient... he has to apply lessons learned from history and see what works. Better that than someone who repeats things that have never worked.
And -SBS--, when calling someone an utter moron you should at least spell his or her name correctly. Otherwise you look like, well, a moron.
Attachments:
And -SBS--, when calling someone an utter moron you should at least spell his or her name correctly. Otherwise you look like, well, a moron.
Attachments:
Re: Interest rates
Posted by:
-SBS--
()
Date: June 09, 2009 09:31AM
pgens Wrote:
-------------------------------------------------------
> Bernanke is no idiot, he's a very bright fellow.
> That said, he (as with anyone else) is not
> omniscient... he has to apply lessons learned from
> history and see what works. Better that than
> someone who repeats things that have never
> worked.
>
> And -SBS--, when calling someone an utter moron
> you should at least spell his or her name
> correctly. Otherwise you look like, well, a
> moron.
pgens,
Fuck you. I didn't spell his name at all. I simply quoted Vince, with his spelling incompetence intact.
-------------------------------------------------------
> Bernanke is no idiot, he's a very bright fellow.
> That said, he (as with anyone else) is not
> omniscient... he has to apply lessons learned from
> history and see what works. Better that than
> someone who repeats things that have never
> worked.
>
> And -SBS--, when calling someone an utter moron
> you should at least spell his or her name
> correctly. Otherwise you look like, well, a
> moron.
pgens,
Fuck you. I didn't spell his name at all. I simply quoted Vince, with his spelling incompetence intact.
Re: Interest rates
Posted by:
pgens
()
Date: June 09, 2009 10:15AM
A loan where the difference between 5% and 5.45% is at least $200/mo is a loan for $720k. Why are you borrowing at least $720k if you are worried about a couple hundred dollars a month "going to your kids"?
edit to add: the "old" rule of thumb (which is hopefully the new one) was 3x salary = ballpark starting figure for a loan amount. A $720k loan in that case would require roughly $240k household income. That isn't entirely uncommon in Fairfax County, but it's certainly an amount that $200 should not make or break unless there is some serious household financial mismanagement going on.
Obamamyass!! Wrote:
-------------------------------------------------------
> I have qualified and secured my loan. However, I
> was much more comfortable with my mortgage being
> $200 less to go towards other things, like my
> kids, etc...so that has nothing to do with it. It
> has to do with the housing market was finally
> picking back up and now the feds are making a mess
> of it again.
Edited 1 time(s). Last edit at 06/09/2009 10:19AM by pgens.
edit to add: the "old" rule of thumb (which is hopefully the new one) was 3x salary = ballpark starting figure for a loan amount. A $720k loan in that case would require roughly $240k household income. That isn't entirely uncommon in Fairfax County, but it's certainly an amount that $200 should not make or break unless there is some serious household financial mismanagement going on.
Obamamyass!! Wrote:
-------------------------------------------------------
> I have qualified and secured my loan. However, I
> was much more comfortable with my mortgage being
> $200 less to go towards other things, like my
> kids, etc...so that has nothing to do with it. It
> has to do with the housing market was finally
> picking back up and now the feds are making a mess
> of it again.
Edited 1 time(s). Last edit at 06/09/2009 10:19AM by pgens.
Re: Interest rates
Posted by:
He is Wrong
()
Date: June 09, 2009 10:15AM
your a complete mooron
pgens Wrote:
-------------------------------------------------------
> It's still your fault. Moran.
pgens Wrote:
-------------------------------------------------------
> It's still your fault. Moran.
Re: Interest rates
Posted by:
ITRADE
()
Date: June 09, 2009 10:20AM
I think folks are being a bit simplistic. If a mortgage rate is at 5.0% percent and your current rate is at 6.0% it makes sense to do the refi as the time it takes to recoup refi expenses is likely to be two years or less. If the mortgate rate rises to 5.50% the savings rate takes closer to 4 years, and a significant percentage of the population will not be willing to spend time doing a refi on a 4 year repayment spread.
I think most people would rather stay put until the spread between the existing loan and the new term approaches 0.75% to 1.0%.
Plus the effects of a rising mortgage rate market affects a large group of people.
#1 the broker who would have gotten a commission on offering the loan
#2 the loan officer at the bank who handles the loan
#3 the appraiser who makes $350 off the appraisal
#4 the law firm or escrow shop that does the title analysis and performs the closing.
#5 the messenger that drives his beat up hyundai accent between the law firm and the county courthouse.
The refi boom put a lot of people back into the saddle....Now potentially at risk.
Edited 1 time(s). Last edit at 06/09/2009 10:24AM by ITRADE.
I think most people would rather stay put until the spread between the existing loan and the new term approaches 0.75% to 1.0%.
Plus the effects of a rising mortgage rate market affects a large group of people.
#1 the broker who would have gotten a commission on offering the loan
#2 the loan officer at the bank who handles the loan
#3 the appraiser who makes $350 off the appraisal
#4 the law firm or escrow shop that does the title analysis and performs the closing.
#5 the messenger that drives his beat up hyundai accent between the law firm and the county courthouse.
The refi boom put a lot of people back into the saddle....Now potentially at risk.
Edited 1 time(s). Last edit at 06/09/2009 10:24AM by ITRADE.
Re: Interest rates
Posted by:
-SBS--
()
Date: June 09, 2009 10:24AM
pgens Wrote:
-------------------------------------------------------
> It's still your fault. Moran.
Wow, nice come-back. Now, I'm Vince's editor. STFU.
-------------------------------------------------------
> It's still your fault. Moran.
Wow, nice come-back. Now, I'm Vince's editor. STFU.
Re: Interest rates
Posted by:
pgens
()
Date: June 09, 2009 10:30AM
-SBS-- Wrote:
-------------------------------------------------------
> your a complete mooron
We're trying to have an intellectual discussion here for once, go back to gym class.
-------------------------------------------------------
> your a complete mooron
We're trying to have an intellectual discussion here for once, go back to gym class.
Re: Interest rates
Posted by:
-SBS-
()
Date: June 09, 2009 11:00AM
pgens Wrote:
-------------------------------------------------------
> -SBS-- Wrote:
> --------------------------------------------------
> > your a complete mooron
>
> We're trying to have an intellectual discussion
> here for once, go back to gym class.
How much intellect does it take to properly quote someone's previous posting?
FAIL
-------------------------------------------------------
> -SBS-- Wrote:
> --------------------------------------------------
> > your a complete mooron
>
> We're trying to have an intellectual discussion
> here for once, go back to gym class.
How much intellect does it take to properly quote someone's previous posting?
FAIL
Re: Interest rates
Posted by:
pgens
()
Date: June 09, 2009 11:02AM
It was on purpose, dummy. How would someone accidentally do what I did? My point is posting as other anon people as you do is silly and totally transparent.
Re: Interest rates
Posted by:
-SBS-
()
Date: June 09, 2009 11:12AM
pgens Wrote:
-------------------------------------------------------
> It was on purpose, dummy. How would someone
> accidentally do what I did? My point is posting
> as other anon people as you do is silly and
> totally transparent.
Massive FAIL again, then. I know you did it intentionally, which is even more pathetic than if it had been accidental.
Every post I have ever, and I mean EVER, put on FU was with the name, SBS, or some variation (-SBS-, etc). Someone thought it would be funny to register the name SBS, and a couple variations as well, so my registered name is -SBS-.
-------------------------------------------------------
> It was on purpose, dummy. How would someone
> accidentally do what I did? My point is posting
> as other anon people as you do is silly and
> totally transparent.
Massive FAIL again, then. I know you did it intentionally, which is even more pathetic than if it had been accidental.
Every post I have ever, and I mean EVER, put on FU was with the name, SBS, or some variation (-SBS-, etc). Someone thought it would be funny to register the name SBS, and a couple variations as well, so my registered name is -SBS-.
Re: Interest rates
Posted by:
you = not clever
()
Date: June 09, 2009 11:29AM
Which stands for Sucking Boys Silly.
Attachments:
Attachments:
Re: Interest rates
Posted by:
-SBS-
()
Date: June 09, 2009 11:45AM
you = not clever Wrote:
-------------------------------------------------------
> Which stands for Sucking Boys Silly.
Ha ha, very funny motherfucker. You so clever. Think up that one all by yourself, or did you get Mama's help?
-------------------------------------------------------
> Which stands for Sucking Boys Silly.
Ha ha, very funny motherfucker. You so clever. Think up that one all by yourself, or did you get Mama's help?
Re: Interest rates
Posted by:
§
()
Date: June 09, 2009 12:04PM
No, actually, I called your boyfriend, Thaddeus, and got a testimonial of your limp wristed exploits. He said he was making pot pie for dinner tonight, so please be home by 7.
.
Attachments:
.
Attachments:
Re: Interest rates
Posted by:
Ha!!!!Ha!HA!
()
Date: June 09, 2009 12:13PM
§ Wrote:
-------------------------------------------------------
> No, actually, I called your boyfriend, Thaddeus,
> and got a testimonial of your limp wristed
> exploits. He said he was making pot pie for
> dinner tonight, so please be home by 7.
>
> .
GOOD COME BACK LOSSSSER! Why don't you stick to the facts of the topic. I am assuming you;
are not married, do not have kids, do not own a home, and you already stated you do not have a career...so you are simply not a part of this conversation any longer. Go play your XBOX.
-------------------------------------------------------
> No, actually, I called your boyfriend, Thaddeus,
> and got a testimonial of your limp wristed
> exploits. He said he was making pot pie for
> dinner tonight, so please be home by 7.
>
> .
GOOD COME BACK LOSSSSER! Why don't you stick to the facts of the topic. I am assuming you;
are not married, do not have kids, do not own a home, and you already stated you do not have a career...so you are simply not a part of this conversation any longer. Go play your XBOX.
Re: Interest rates
Posted by:
§
()
Date: June 09, 2009 12:16PM
I just got a text from Thaddeus and he said to pick up some honey and whistles on the way home. That seems like an odd combo there. I won't judge you, don't worry.
And what the fuck is an XBOX?
.
Attachments:
And what the fuck is an XBOX?
.
Attachments:
Re: Interest rates
Posted by:
lolz
()
Date: June 09, 2009 12:23PM
you = not clever Wrote:
-------------------------------------------------------
> Which stands for Sucking Boys Silly.
or "Sings Barbra Songs" isn't she fabulous
Attachments:
-------------------------------------------------------
> Which stands for Sucking Boys Silly.
or "Sings Barbra Songs" isn't she fabulous
Attachments:
Re: Interest rates
Posted by:
Ha! Ha! Ha!
()
Date: June 09, 2009 12:37PM
§ Wrote:
-------------------------------------------------------
> I just got a text from Thaddeus and he said to
> pick up some honey and whistles on the way home.
> That seems like an odd combo there. I won't judge
> you, don't worry.
>
> And what the fuck is an XBOX?
>
> .
is that the name of your character in your roll playing game lame-o? don't worry, i won't call your mommy and tell her you skip school today to play on the internet.
-------------------------------------------------------
> I just got a text from Thaddeus and he said to
> pick up some honey and whistles on the way home.
> That seems like an odd combo there. I won't judge
> you, don't worry.
>
> And what the fuck is an XBOX?
>
> .
is that the name of your character in your roll playing game lame-o? don't worry, i won't call your mommy and tell her you skip school today to play on the internet.
Re: Interest rates
Posted by:
National Republican Failure Day: Nov. 3rd
()
Date: June 09, 2009 01:36PM
Ha - That is by and far the weakest comeback we've witnessed here at Fairfax Underground in a very long time.
You should go outside and get some sun. You're straining too hard.
You should go outside and get some sun. You're straining too hard.
Re: Interest rates
Posted by:
ur dumb
()
Date: June 09, 2009 03:27PM
National Republican Failure Day: Nov. 3rd Wrote:
-------------------------------------------------------
> Ha - That is by and far the weakest comeback we've
> witnessed here at Fairfax Underground in a very
> long time.
>
> You should go outside and get some sun. You're
> straining too hard.
That is a FAILLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!!!!!!!!!!!!!
-------------------------------------------------------
> Ha - That is by and far the weakest comeback we've
> witnessed here at Fairfax Underground in a very
> long time.
>
> You should go outside and get some sun. You're
> straining too hard.
That is a FAILLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!!!!!!!!!!!!!
Re: Interest rates
Posted by:
ur ghey
()
Date: June 09, 2009 03:36PM
/
Attachments:
Attachments:
Re: Interest rates
Posted by:
hehehehe!
()
Date: June 09, 2009 03:53PM
taken from another thread!
I voted Democrat because I love the fact that I can now marry whatever
I want. I've decided to marry my boat.
I voted Democrat because I believe oil companies' profits of 4% on a
gallon of gas are obscene but the government taxing the same gallon of gas at
15% isn't.
I voted Democrat because I believe the government will do a better job
of spending the money I earn than I ever would.
I voted Democrat because freedom of speech is fine as long as nobody is
offended by it.
I voted Democrat because when we pull out of Iraq I trust that the bad
guys will stop what they're doing because they now think we're good people.
I voted Democrat because I'm way too irresponsible to own a gun, and I
know that my local police are all I need to protect me from murderers and
thieves.
I voted Democrat because I believe that people who can't tell us if it
will rain on Friday can tell us that the polar ice caps will melt away in
ten years if I don't start driving a Prius.
I voted Democrat because I'm not concerned about the slaughter of
millions of babies so long as we keep all death row inmates alive.
I voted Democrat because I believe that business should not be allowed
to make profits for themselves. They need to break even and give the rest
away to the government for redistribution as IT sees fit.
I voted Democrat because I believe liberal judges need to rewrite The
Constitution every few days to suit some fringe kooks who would
never get their agendas past the voters.
I voted Democrat because my head is so firmly planted up my ass that it
is unlikely that I'll ever have another point of view
I voted Democrat because I love the fact that I can now marry whatever
I want. I've decided to marry my boat.
I voted Democrat because I believe oil companies' profits of 4% on a
gallon of gas are obscene but the government taxing the same gallon of gas at
15% isn't.
I voted Democrat because I believe the government will do a better job
of spending the money I earn than I ever would.
I voted Democrat because freedom of speech is fine as long as nobody is
offended by it.
I voted Democrat because when we pull out of Iraq I trust that the bad
guys will stop what they're doing because they now think we're good people.
I voted Democrat because I'm way too irresponsible to own a gun, and I
know that my local police are all I need to protect me from murderers and
thieves.
I voted Democrat because I believe that people who can't tell us if it
will rain on Friday can tell us that the polar ice caps will melt away in
ten years if I don't start driving a Prius.
I voted Democrat because I'm not concerned about the slaughter of
millions of babies so long as we keep all death row inmates alive.
I voted Democrat because I believe that business should not be allowed
to make profits for themselves. They need to break even and give the rest
away to the government for redistribution as IT sees fit.
I voted Democrat because I believe liberal judges need to rewrite The
Constitution every few days to suit some fringe kooks who would
never get their agendas past the voters.
I voted Democrat because my head is so firmly planted up my ass that it
is unlikely that I'll ever have another point of view
Re: Interest rates
Posted by:
Govt is the Problem\
()
Date: June 09, 2009 04:03PM
Man, you are the funniest! I like your style!
Let's go out for din din and play a board game together. You can sleep at my house this time. I have a twin bed. We can fit.
Attachments:
Let's go out for din din and play a board game together. You can sleep at my house this time. I have a twin bed. We can fit.
Attachments:
Re: Interest rates
Posted by:
heheheheh!
()
Date: June 09, 2009 04:12PM
Govt is the Problem\ Wrote:
-------------------------------------------------------
> Man, you are the funniest! I like your style!
>
> Let's go out for din din and play a board game
> together. You can sleep at my house this time. I
> have a twin bed. We can fit.
LOVE this game!
-------------------------------------------------------
> Man, you are the funniest! I like your style!
>
> Let's go out for din din and play a board game
> together. You can sleep at my house this time. I
> have a twin bed. We can fit.
LOVE this game!
Re: Interest rates
Posted by:
Govt is the Problem//
()
Date: June 09, 2009 04:14PM
Govt is the Problem\ Wrote:
-------------------------------------------------------
> Man, you are the funniest! I like your style!
>
> Let's go out for din din and play a board game
> together. You can sleep at my house this time. I
> have a twin bed. We can fit.
Nice, squiggly S guy. Do you ever have anything useful to say? You are quickly rising to the top of the biggest FFXU douche poll.
-------------------------------------------------------
> Man, you are the funniest! I like your style!
>
> Let's go out for din din and play a board game
> together. You can sleep at my house this time. I
> have a twin bed. We can fit.
Nice, squiggly S guy. Do you ever have anything useful to say? You are quickly rising to the top of the biggest FFXU douche poll.
Re: Interest rates
Posted by:
§
()
Date: June 09, 2009 04:32PM
Well, considering I don't spend my time surfing the internet for the latest articles to cut-and-paste while providing anecdotal commentaries like you do, I'd consider my posts useful for what they're worth: Comedy.
If I wanted to read the latest on your doom-and-gloom hypotheses, I'd simply do what most rational people would do and go straight to the source and blog there.
Who the hell wants to debate trivial shit over the internet anyway? That's boring. I'd rather watch two flies fuck on a fence post.
So what really happened? Did they kick you off those sites or what?
.
Attachments:
If I wanted to read the latest on your doom-and-gloom hypotheses, I'd simply do what most rational people would do and go straight to the source and blog there.
Who the hell wants to debate trivial shit over the internet anyway? That's boring. I'd rather watch two flies fuck on a fence post.
So what really happened? Did they kick you off those sites or what?
.
Attachments:
Re: Interest rates
Posted by:
Furfur
()
Date: June 09, 2009 04:35PM
Govt is the Problem// Wrote:
-------------------------------------------------------
>
> Nice, squiggly S guy.
You mean section sign guy? BTW, we all know you're Tighty Whitey/Tin Whiskers.
---------------------------------------------------------------------------------------------
“It's too bad that stupidity isn't painful." - Anton Lavey
-------------------------------------------------------
>
> Nice, squiggly S guy.
You mean section sign guy? BTW, we all know you're Tighty Whitey/Tin Whiskers.
---------------------------------------------------------------------------------------------
“It's too bad that stupidity isn't painful." - Anton Lavey
Re: Interest rates
Posted by:
andwhat!
()
Date: June 09, 2009 05:01PM
Re: Interest rates
Posted by:
Squiggly S these nuts!
()
Date: June 09, 2009 05:20PM
Re: Interest rates
Posted by:
adsl3417
()
Date: June 09, 2009 05:29PM
Heed the warning.
Attachments:
Attachments:
Re: Interest rates
Posted by:
gayyyyyyyyyyyy
()
Date: June 09, 2009 05:36PM
thats gay
Re: Interest rates
Posted by:
§
()
Date: June 09, 2009 05:39PM
Well, you are what you eat. Child.
This character from Airplane was based on you.
.
Attachments:
This character from Airplane was based on you.
.
Attachments:
Re: Interest rates
Posted by:
Stephen Stucker
()
Date: June 09, 2009 05:43PM
§ Wrote:
-------------------------------------------------------
> Well, you are what you eat. Child.
>
> This character from Airplane was based on you.
>
> .
Heyyyyyyy squiggly S guy will you give it to me up the butt you Damn LOSER. After all you ahve the best and greatest of everything!
-------------------------------------------------------
> Well, you are what you eat. Child.
>
> This character from Airplane was based on you.
>
> .
Heyyyyyyy squiggly S guy will you give it to me up the butt you Damn LOSER. After all you ahve the best and greatest of everything!
Re: Interest rates
Posted by:
§
()
Date: June 09, 2009 05:54PM
And we all know that you don't. And that's ok.
So don't let your boyfriend down (figuratively).
Remember, he's making you a pot pie tonight.
.
Attachments:
So don't let your boyfriend down (figuratively).
Remember, he's making you a pot pie tonight.
.
Attachments:
Re: Interest rates
Posted by:
Ha!Ha!!!hahaha!
()
Date: June 09, 2009 05:58PM
Awwww thats so cute was that taken from your cell phone in your room? You still have your teddy to keep your gay ass warm at night :) I will keep you warm :) come to big poppa!
Re: Interest rates
Posted by:
§
()
Date: June 09, 2009 06:03PM
Ha!Ha!!!hahaha! Wrote:
-------------------------------------------------------
> Awwww thats so cute .....I will keep
> you warm :) come to big poppa!
.
Attachments:
-------------------------------------------------------
> Awwww thats so cute .....I will keep
> you warm :) come to big poppa!
.
Attachments:
Re: Interest rates
Posted by:
Ha!Ha!!!hahaha!!
()
Date: June 09, 2009 06:10PM
Fine. You got me. Here's a picture of me and my boyfriends.
Attachments:
Attachments:
Re: Interest rates
Posted by:
Hahahaha! Ha!
()
Date: June 09, 2009 07:23PM
§ Wrote:
-------------------------------------------------------
> That settles it. Thanks for sharing.
Loser you had to edit a two sentence post! I am gay, that's why I like you squiggly S guy XOXOXOX
-------------------------------------------------------
> That settles it. Thanks for sharing.
Loser you had to edit a two sentence post! I am gay, that's why I like you squiggly S guy XOXOXOX
Re: Interest rates
Posted by:
har! har har har ha!
()
Date: June 09, 2009 10:22PM
Yes, you are the gayest of all the fairy dust land of gayness. Sprinkle your gayness all over, you queer.
Re: Interest rates
Posted by:
Dwight.
()
Date: June 09, 2009 11:40PM
So....why has homosexuality been such a hot topic the past week?
Re: Interest rates
Posted by:
pgens
()
Date: June 10, 2009 07:53AM
Evidently trolls come here en masse sometimes and post about their favorite subject.
Re: Interest rates
Posted by:
obamamyass!!!
()
Date: June 10, 2009 09:57AM
Evidently - I can't post a mature topic without idiots contributing nothing but dumb pics and gay names.
BTW....interest rate went up again today! Ya Obama!
Not my issue if squiggly S guy likes to lick chocolate highways!
BTW....interest rate went up again today! Ya Obama!
Not my issue if squiggly S guy likes to lick chocolate highways!
Re: Interest rates
Posted by:
pgens
()
Date: June 10, 2009 10:13AM
What are you talking about? The 1-year and 1/3/6-month LIBOR rates are down this week over last week.
Re: Interest rates
Posted by:
obamamyass!!!.
()
Date: June 10, 2009 10:16AM
FHA and VA loans are up to 5.56%. Yesterday they were at 5.51%. That is up...correct?
Re: Interest rates
Posted by:
§
()
Date: June 10, 2009 10:19AM
obamamyass!!! Wrote:
-------------------------------------------------------
> Is anybody listening to me? I need attention and my feelings get hurt easily.
He doesn't know what he's talking about. He values day-to-day snapshots over anything medium-term. Simple minded and vying for attention.
.
Attachments:
-------------------------------------------------------
> Is anybody listening to me? I need attention and my feelings get hurt easily.
He doesn't know what he's talking about. He values day-to-day snapshots over anything medium-term. Simple minded and vying for attention.
.
Attachments:
Re: Interest rates
Posted by:
Govt is the Problem::
()
Date: June 10, 2009 10:20AM
Mortgage Applications Fall as Interest Rates Jump (Update1)
Share | Email | Print | A A A
By Shobhana Chandra
June 10 (Bloomberg) -- U.S. mortgage applications fell last week to the lowest level since February as a jump in borrowing costs discouraged refinancing and signaled that Federal Reserve Chairman Ben S. Bernanke’s efforts to cap rates is stalling.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZb6bu33Whng
Share | Email | Print | A A A
By Shobhana Chandra
June 10 (Bloomberg) -- U.S. mortgage applications fell last week to the lowest level since February as a jump in borrowing costs discouraged refinancing and signaled that Federal Reserve Chairman Ben S. Bernanke’s efforts to cap rates is stalling.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZb6bu33Whng
Re: Interest rates
Posted by:
obamamyass!!!.
()
Date: June 10, 2009 10:23AM
Govt is the Problem:: Wrote:
-------------------------------------------------------
> Mortgage Applications Fall as Interest Rates Jump
> (Update1)
> Share | Email | Print | A A A
>
> By Shobhana Chandra
>
> June 10 (Bloomberg) -- U.S. mortgage applications
> fell last week to the lowest level since February
> as a jump in borrowing costs discouraged
> refinancing and signaled that Federal Reserve
> Chairman Ben S. Bernanke’s efforts to cap rates is
> stalling.
>
> http://www.bloomberg.com/apps/news?pid=20601087&si
> d=aZb6bu33Whng
Thank you, clearly YOU S guy don't know what you're taling about!
-------------------------------------------------------
> Mortgage Applications Fall as Interest Rates Jump
> (Update1)
> Share | Email | Print | A A A
>
> By Shobhana Chandra
>
> June 10 (Bloomberg) -- U.S. mortgage applications
> fell last week to the lowest level since February
> as a jump in borrowing costs discouraged
> refinancing and signaled that Federal Reserve
> Chairman Ben S. Bernanke’s efforts to cap rates is
> stalling.
>
> http://www.bloomberg.com/apps/news?pid=20601087&si
> d=aZb6bu33Whng
Thank you, clearly YOU S guy don't know what you're taling about!
Re: Interest rates
Posted by:
Govt is the Problem::
()
Date: June 10, 2009 10:24AM
§ Wrote:
-------------------------------------------------------
> obamamyass!!! Wrote:
> --------------------------------------------------
> -----
> > Is anybody listening to me? I need attention
> and my feelings get hurt easily.
>
> He doesn't know what he's talking about. He
> values day-to-day snapshots over anything
> medium-term. Simple minded and vying for
> attention.
>
> .
Actually the medium term reveals a rising trend as well. I think there may be a rally in treasuries soon though when the market starts to tank again and people return to "safety" in treasuries. This will give some relief to yields and maybe spill over to mortgages as well. But the long term trend of rising rates is still fully intact.
-------------------------------------------------------
> obamamyass!!! Wrote:
> --------------------------------------------------
> -----
> > Is anybody listening to me? I need attention
> and my feelings get hurt easily.
>
> He doesn't know what he's talking about. He
> values day-to-day snapshots over anything
> medium-term. Simple minded and vying for
> attention.
>
> .
Actually the medium term reveals a rising trend as well. I think there may be a rally in treasuries soon though when the market starts to tank again and people return to "safety" in treasuries. This will give some relief to yields and maybe spill over to mortgages as well. But the long term trend of rising rates is still fully intact.
Re: Interest rates
Posted by:
obamamyass!!!...
()
Date: June 10, 2009 10:29AM
§ Wrote:
-------------------------------------------------------
> obamamyass!!! Wrote:
> --------------------------------------------------
> -----
> > Is anybody listening to me? I need attention
> and my feelings get hurt easily.
>
> He doesn't know what he's talking about. He
> values day-to-day snapshots over anything
> medium-term. Simple minded and vying for
> attention.
>
> .
Clearly, my feelings are not hurt as I am not the one acting like a gay douchbag. If I needed attention, I would be the one putting up ignorant pics such as yourself.
The facts are the facts. Once you hit puberty you may understand!
-------------------------------------------------------
> obamamyass!!! Wrote:
> --------------------------------------------------
> -----
> > Is anybody listening to me? I need attention
> and my feelings get hurt easily.
>
> He doesn't know what he's talking about. He
> values day-to-day snapshots over anything
> medium-term. Simple minded and vying for
> attention.
>
> .
Clearly, my feelings are not hurt as I am not the one acting like a gay douchbag. If I needed attention, I would be the one putting up ignorant pics such as yourself.
The facts are the facts. Once you hit puberty you may understand!
Re: Interest rates
Posted by:
pgens
()
Date: June 10, 2009 10:33AM
obamamyass!!!. Wrote:
-------------------------------------------------------
> FHA and VA loans are up to 5.56%. Yesterday they
> were at 5.51%. That is up...correct?
Oh those rates, I was talking about the rates I care about and affect me. Maybe you should identify "the rates" you talk about when you make your silly posts.
-------------------------------------------------------
> FHA and VA loans are up to 5.56%. Yesterday they
> were at 5.51%. That is up...correct?
Oh those rates, I was talking about the rates I care about and affect me. Maybe you should identify "the rates" you talk about when you make your silly posts.
Re: Interest rates
Posted by:
obamamyass!!!:
()
Date: June 10, 2009 10:36AM
pgens Wrote:
-------------------------------------------------------
> obamamyass!!!. Wrote:
> --------------------------------------------------
> -----
> > FHA and VA loans are up to 5.56%. Yesterday
> they
> > were at 5.51%. That is up...correct?
>
>
> Oh those rates, I was talking about the rates I
> care about and affect me. Maybe you should
> identify "the rates" you talk about when you make
> your silly posts.
So, because those rates do not affect you they are silly? That to me is silly and selfish. It affects most people. So now that my silly post does not affect you, you may excuse yourself. Thank you!
-------------------------------------------------------
> obamamyass!!!. Wrote:
> --------------------------------------------------
> -----
> > FHA and VA loans are up to 5.56%. Yesterday
> they
> > were at 5.51%. That is up...correct?
>
>
> Oh those rates, I was talking about the rates I
> care about and affect me. Maybe you should
> identify "the rates" you talk about when you make
> your silly posts.
So, because those rates do not affect you they are silly? That to me is silly and selfish. It affects most people. So now that my silly post does not affect you, you may excuse yourself. Thank you!
Re: Interest rates
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 10:50AM
pgens Wrote:
-------------------------------------------------------
> What are you talking about? The 1-year and
> 1/3/6-month LIBOR rates are down this week over
> last week.
Libor Climbs Most Since March on Bets for Fed Rate Increase
Share | Email | Print | A A A
By Anna Rascouet
June 8 (Bloomberg) -- The cost of borrowing in dollars between banks rose the most in almost three months on growing speculation policy makers will start increasing interest rates by the end of the year.
The London interbank offered rate, or Libor, for three- month loans jumped two basis points to 0.65 percent today, according to the British Bankers’ Association. It was the biggest increase since March 10. The Libor-OIS spread, a measure of the unwillingness of banks to lend, climbed for the first time in four days, widening almost three basis points to 42 basis points.
-------------------------------------------------------
> What are you talking about? The 1-year and
> 1/3/6-month LIBOR rates are down this week over
> last week.
Libor Climbs Most Since March on Bets for Fed Rate Increase
Share | Email | Print | A A A
By Anna Rascouet
June 8 (Bloomberg) -- The cost of borrowing in dollars between banks rose the most in almost three months on growing speculation policy makers will start increasing interest rates by the end of the year.
The London interbank offered rate, or Libor, for three- month loans jumped two basis points to 0.65 percent today, according to the British Bankers’ Association. It was the biggest increase since March 10. The Libor-OIS spread, a measure of the unwillingness of banks to lend, climbed for the first time in four days, widening almost three basis points to 42 basis points.
Re: Interest rates
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 10:53AM
pgens Wrote:
-------------------------------------------------------
> What are you talking about? The 1-year and
> 1/3/6-month LIBOR rates are down this week over
> last week.
US Treasury Bonds Rates
Maturity Yield Yesterday Last Week Last Month
3 Month 0.15 0.15 0.11 0.14
6 Month 0.29 0.29 0.23 0.23
2 Year 1.32 1.30 0.90 0.86
3 Year 1.88 1.86 1.44 1.34
5 Year 2.88 2.86 2.43 2.02
10 Year 3.90 3.85 3.54 3.17
30 Year 4.70 4.65 4.45 4.18
-------------------------------------------------------
> What are you talking about? The 1-year and
> 1/3/6-month LIBOR rates are down this week over
> last week.
US Treasury Bonds Rates
Maturity Yield Yesterday Last Week Last Month
3 Month 0.15 0.15 0.11 0.14
6 Month 0.29 0.29 0.23 0.23
2 Year 1.32 1.30 0.90 0.86
3 Year 1.88 1.86 1.44 1.34
5 Year 2.88 2.86 2.43 2.02
10 Year 3.90 3.85 3.54 3.17
30 Year 4.70 4.65 4.45 4.18
Re: Interest rates
Posted by:
pgens
()
Date: June 10, 2009 11:15AM
Govt is the Problem' Wrote:
-------------------------------------------------------
> It was the biggest increase since
> March 10.
Ooooo, largest increase in the last ninety days, there's a trend.
-------------------------------------------------------
> It was the biggest increase since
> March 10.
Ooooo, largest increase in the last ninety days, there's a trend.
Re: Interest rates
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 12:18PM
pgens Wrote:
-------------------------------------------------------
> Govt is the Problem' Wrote:
> --------------------------------------------------
> -----
> > It was the biggest increase since
> > March 10.
>
>
> Ooooo, largest increase in the last ninety days,
> there's a trend.
Here a several more trends. Take your pick.
Attachments:
-------------------------------------------------------
> Govt is the Problem' Wrote:
> --------------------------------------------------
> -----
> > It was the biggest increase since
> > March 10.
>
>
> Ooooo, largest increase in the last ninety days,
> there's a trend.
Here a several more trends. Take your pick.
Attachments:
Re: Interest rates
Posted by:
pgens
()
Date: June 10, 2009 12:59PM
Again, so what? If I'm a buyer of US debt now may be a great time to do it. And listing some table going back a month is just dumb... pull up a thirty-year chart, the length of someone's mortgage. Rates go up, rates go down. Hoping that rates will go to zero or stay at their lows is just foolish.
Your arguments are a red herring anyway. I have yet to see a post responding to my question of how someone making $240k+ household income is going to be substantially burdened by an increase of $200 in a mortgage payment.
Your arguments are a red herring anyway. I have yet to see a post responding to my question of how someone making $240k+ household income is going to be substantially burdened by an increase of $200 in a mortgage payment.
Re: Interest rates
Posted by:
obamamyass!!!::
()
Date: June 10, 2009 01:09PM
pgens Wrote:
-------------------------------------------------------
> Again, so what? If I'm a buyer of US debt now may
> be a great time to do it. And listing some table
> going back a month is just dumb... pull up a
> thirty-year chart, the length of someone's
> mortgage. Rates go up, rates go down. Hoping
> that rates will go to zero or stay at their lows
> is just foolish.
>
> Your arguments are a red herring anyway. I have
> yet to see a post responding to my question of how
> someone making $240k+ household income is going to
> be substantially burdened by an increase of $200
> in a mortgage payment.
Middle class(MC) people do not make $240+ so again you are not contributing to this post-be gone! $200 increase does affect most MC people with children. And again, it is going up everyday!!!!! You're my burden right now :)
-------------------------------------------------------
> Again, so what? If I'm a buyer of US debt now may
> be a great time to do it. And listing some table
> going back a month is just dumb... pull up a
> thirty-year chart, the length of someone's
> mortgage. Rates go up, rates go down. Hoping
> that rates will go to zero or stay at their lows
> is just foolish.
>
> Your arguments are a red herring anyway. I have
> yet to see a post responding to my question of how
> someone making $240k+ household income is going to
> be substantially burdened by an increase of $200
> in a mortgage payment.
Middle class(MC) people do not make $240+ so again you are not contributing to this post-be gone! $200 increase does affect most MC people with children. And again, it is going up everyday!!!!! You're my burden right now :)
Re: Interest rates
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 01:10PM
pgens Wrote:
-------------------------------------------------------
> Again, so what? If I'm a buyer of US debt now may
> be a great time to do it. And listing some table
> going back a month is just dumb... pull up a
> thirty-year chart, the length of someone's
> mortgage. Rates go up, rates go down. Hoping
> that rates will go to zero or stay at their lows
> is just foolish.
>
> Your arguments are a red herring anyway. I have
> yet to see a post responding to my question of how
> someone making $240k+ household income is going to
> be substantially burdened by an increase of $200
> in a mortgage payment.
I'll get you the long term chart if you really want me to but it would only reflect what has already been said several times: rates are at historic lows and the long term trend is higher. This goes beyond your myopic view of mortgages. You’re right, the $200 increase is just a drop in the bucket compared to the overall macroeconomic implications we are facing.
Ask and you will receive:
Attachments:
-------------------------------------------------------
> Again, so what? If I'm a buyer of US debt now may
> be a great time to do it. And listing some table
> going back a month is just dumb... pull up a
> thirty-year chart, the length of someone's
> mortgage. Rates go up, rates go down. Hoping
> that rates will go to zero or stay at their lows
> is just foolish.
>
> Your arguments are a red herring anyway. I have
> yet to see a post responding to my question of how
> someone making $240k+ household income is going to
> be substantially burdened by an increase of $200
> in a mortgage payment.
I'll get you the long term chart if you really want me to but it would only reflect what has already been said several times: rates are at historic lows and the long term trend is higher. This goes beyond your myopic view of mortgages. You’re right, the $200 increase is just a drop in the bucket compared to the overall macroeconomic implications we are facing.
Ask and you will receive:
Attachments:
Re: Interest rates
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 01:18PM
As you can see in the chart here, interest rates are at multi-generation lows. If the overarching economic condition were just “normal,” we’d expect them to be significantly higher.
But conditions are anything but normal: despite massive existing debt, the government has told us in no uncertain terms that it will be spending a prodigious quantity of money, enough to destroy the value of the currency. That alone indicates rates should rise by a lot… enough, in fact, to push rates to the high end of the historical range.
Attachments:
But conditions are anything but normal: despite massive existing debt, the government has told us in no uncertain terms that it will be spending a prodigious quantity of money, enough to destroy the value of the currency. That alone indicates rates should rise by a lot… enough, in fact, to push rates to the high end of the historical range.
Attachments:
Re: Interest rates
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 01:22PM
A big problem for a person running a large credit card balance is that the "miracle" of compound interest begins to work against them. Simply, the interest due on those balances gets added to the debt so that the debt grows even without new spending.
Our government is in that situation, and on a huge outstanding debt. As a result, in the same way that a credit card company can lose confidence in an overindebted cardholder and either cut them off from further credit altogether or raise their rates to exorbitant levels, the U.S. government as an issuer of new Treasury debt risks losing the confidence of the world's lenders. Should that happen, and we expect it will, the U.S. government will be required to pay a higher interest rate to attract the funding it needs.
The problem is that, as the old debt rolls over in a rising interest rate environment, interest expenses -- and by extension the debt itself -- rise. The budget projections above indicated a big narrowing of the deficit, but the projections, which come from the government, are based on extremely low interest rates, rising from today's low levels, but at no point in the decade ahead exceeding 5%.
The last time the world lost confidence in the U.S., in 1980, short-term rates spiked to 20%. The chart below shows the effect of interest rates rising by just 1% a year over the next decade, and that, with compounding, it would result in outstanding debt nearly doubling.
At that level, lenders to the U.S. government could start asking whether they will get their money back or not. After all, should government debt indeed reach the $20 trillion level, that would add up to about $200,000 per U.S. household, and it's hard to imagine the government is able to squeeze as much out of the public. At least not in dollars worth anything close to what they are worth today.
Attachments:
Our government is in that situation, and on a huge outstanding debt. As a result, in the same way that a credit card company can lose confidence in an overindebted cardholder and either cut them off from further credit altogether or raise their rates to exorbitant levels, the U.S. government as an issuer of new Treasury debt risks losing the confidence of the world's lenders. Should that happen, and we expect it will, the U.S. government will be required to pay a higher interest rate to attract the funding it needs.
The problem is that, as the old debt rolls over in a rising interest rate environment, interest expenses -- and by extension the debt itself -- rise. The budget projections above indicated a big narrowing of the deficit, but the projections, which come from the government, are based on extremely low interest rates, rising from today's low levels, but at no point in the decade ahead exceeding 5%.
The last time the world lost confidence in the U.S., in 1980, short-term rates spiked to 20%. The chart below shows the effect of interest rates rising by just 1% a year over the next decade, and that, with compounding, it would result in outstanding debt nearly doubling.
At that level, lenders to the U.S. government could start asking whether they will get their money back or not. After all, should government debt indeed reach the $20 trillion level, that would add up to about $200,000 per U.S. household, and it's hard to imagine the government is able to squeeze as much out of the public. At least not in dollars worth anything close to what they are worth today.
Attachments: