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Realistbear

Mortgage Rates Highest In 4 Years In U S

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http://news.moneycentral.msn.com/provider/...0405&ID=5624762

April 05, 2006 5:04:00 PM ET

Bankrate: Mortgage Rates Highest in Nearly 4 Years

All PRNewswire NewsNEW YORK, April 5 /PRNewswire-FirstCall/ -- Fixed mortgage rates climbed again, with the average 30-year fixed rate mortgage rising to 6.51 percent, according to Bankrate.com's weekly national survey of large lenders. This is the highest since the week of July 17, 2002. The 30-year fixed rate mortgages in this week's survey had an average of 0.32 discount and origination points.

Some Bulls and Trolls might call this spin but Bears call it good news! :lol:

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A guy on another site is claiming that US mortgage rates for borrowers who don't have great credit ratings are hitting 10% or more as the banks try to cut back on bad loans. So it's probably far worse than this article makes it sound: that would knock out a lot of the remaining FTBs in the market.

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A guy on another site is claiming that US mortgage rates for borrowers who don't have great credit ratings are hitting 10% or more as the banks try to cut back on bad loans. So it's probably far worse than this article makes it sound: that would knock out a lot of the remaining FTBs in the market.

The rates quoted are for those with high credit scores--an increasing rarity in debt ridden US and UK.

Oz looks like it will be hiking soon also:

http://www.nzherald.co.nz/section/story.cf...jectID=10376235

Traders betting on rate hike

06.04.06

By Chris Young

SYDNEY - The Australian dollar surged to its highest in two weeks as futures traders bet the central bank will raise interest rates this year.
Traders said a report by Rory Robertson, an interest-rate strategist at Macquarie Bank, helped fuel speculation that the central bank, which kept borrowing costs unchanged for a 13th month at 5.5 per cent yesterday, will raise rates soon.
"
The next rate hike could be as little as a month away," Robertson wrote on Tuesday.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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