[quote=HiggyBaby]I was girding my loins for a steady upward march towards 1970/1980’s era interest rates. The market can remain irrational longer than we can remain logical….[/quote]
I don’t think the market is irrational but this site hosts so many crazy inflationists. With the burst of the biggest asset bubble in history, I remain a deflationist. I don’t think the recent run-up of inflation is the result of FED’s cheap money. Rather it is supply issue in the commodity and agriculture segment.
I have seen people saying that 3 metals are barometers for the market:
gold for deflation
silver for inflation
copper for economic bull
Gold outperforms the other two signals deflation pressure, silver outperforms the other two signals inflation pressure, copper outperforms the other two signals bull market.
With gold leading the way, copper has been terrible since Feb, and recent smack down of silver, deflation and a major market downturn are written on the wall.
But obviously, you guys are too obsessed with your anger for the FED to notice that. I think FED is the only rational central bank at the moment to keep its focus on fighting the deflation.
Actually I predict that our house will not appraise, which throws the whole thing back into a negotiation phase. Especially since I have no intention of covering a low appraisal with cash. I think we’ll know Mon.-Tues of next week.
Actually I predict that our house will not appraise, which throws the whole thing back into a negotiation phase. Especially since I have no intention of covering a low appraisal with cash. I think we’ll know Mon.-Tues of next week.
Actually I predict that our house will not appraise, which throws the whole thing back into a negotiation phase. Especially since I have no intention of covering a low appraisal with cash. I think we’ll know Mon.-Tues of next week.
Actually I predict that our house will not appraise, which throws the whole thing back into a negotiation phase. Especially since I have no intention of covering a low appraisal with cash. I think we’ll know Mon.-Tues of next week.
Actually I predict that our house will not appraise, which throws the whole thing back into a negotiation phase. Especially since I have no intention of covering a low appraisal with cash. I think we’ll know Mon.-Tues of next week.
[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.
tb[/quote]
well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.
now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.
[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.
tb[/quote]
well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.
now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.
[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.
tb[/quote]
well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.
now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.
[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.
tb[/quote]
well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.
now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.
