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Realistbear

U S Interest Rates Soar Again As Ben Hints At Another Big Cut

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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.

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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?

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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 :rolleyes:

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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 :rolleyes:

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.

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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 :rolleyes:

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.

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  • 292 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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