Realistbear Posted March 25, 2008 Share Posted March 25, 2008 Rates today's average mortgage rates across the country. Source: Bankrate.com Loan Type Today Last Week 30 Year Fixed 5.73% 5.74% 15 Year Fixed 5.22% 5.09% 1 Year ARM 5.45% 5.07% 30 Year Fixed Jumbo 7.26% 7.02% 5/1 ARM 5.79% 5.65% 3/1 ARM 5.57% 5.44% These are massive W-o-W gains. If Ben cuts again the crucial 30 year may soar to beyond 8% which will finish off the market for larger luxury homes. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted March 25, 2008 Share Posted March 25, 2008 The boy is a star - every time he opens his mouth either the Dow goes down or the banks put up mortgage rates. I had the radio on last night when I was trying sleep and I seem to vaguely recall someone talking about him and how he has only one idea to save the markets... and that because it has not worked he is going to carry on regardless... or maybe I read it somewhere? Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted March 25, 2008 Share Posted March 25, 2008 Pricing in hyperinflation? Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted March 25, 2008 Share Posted March 25, 2008 Pricing in hyperinflation? Who knows. Maybe just a small chance of it is priced in. If you were going to lend your money to a American for their house, what rates would you want? 80% LTV and 7.25%? I think i would be looking more like 65% LTV on a decent place (the real value, unfudged) and maybe more like 8-9%? And that is exactly why noone wants to borrow my money Quote Link to comment Share on other sites More sharing options...
thefinalbear Posted March 25, 2008 Share Posted March 25, 2008 Pricing in hyperinflation? Almost.......I'd want 15% Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted March 25, 2008 Share Posted March 25, 2008 Who knows. Maybe just a small chance of it is priced in.If you were going to lend your money to a American for their house, what rates would you want? 80% LTV and 7.25%? I think i would be looking more like 65% LTV on a decent place (the real value, unfudged) and maybe more like 8-9%? And that is exactly why noone wants to borrow my money Bu99er that. Every time Chopper 'injects more liquidity', rates go up. 20% IRs within 5 years at this rate. Perhaps we should call him Zimbabwe Ben. Quote Link to comment Share on other sites More sharing options...
thedebtisreal Posted March 25, 2008 Share Posted March 25, 2008 Pricing in hyperinflation? No, just a reflection of the increased value of capital in these cash strapped times. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted March 25, 2008 Share Posted March 25, 2008 Damn. When I saw the thread title I thought this was gonna be about US Treasuries. 30 yr Treasuries at 7.26%. Now that would be something. Quote Link to comment Share on other sites More sharing options...
faloos Posted March 25, 2008 Share Posted March 25, 2008 Who knows. Maybe just a small chance of it is priced in.If you were going to lend your money to a American for their house, what rates would you want? 80% LTV and 7.25%? I think i would be looking more like 65% LTV on a decent place (the real value, unfudged) and maybe more like 8-9%? And that is exactly why noone wants to borrow my money Persactly !! On the nail with your comment. Forget all the economic jargon , what you have said is what its all about , just hard simple facts. Quote Link to comment Share on other sites More sharing options...
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