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  • May 5, 2011 at 7:16 PM #693942
    carlsbadworker
    Participant

    [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.

    May 5, 2011 at 8:40 PM #692778
    CardiffBaseball
    Participant

    Grrrrr Locked at 4.75.

    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.

    May 5, 2011 at 8:40 PM #692854
    CardiffBaseball
    Participant

    Grrrrr Locked at 4.75.

    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.

    May 5, 2011 at 8:40 PM #693459
    CardiffBaseball
    Participant

    Grrrrr Locked at 4.75.

    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.

    May 5, 2011 at 8:40 PM #693606
    CardiffBaseball
    Participant

    Grrrrr Locked at 4.75.

    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.

    May 5, 2011 at 8:40 PM #693957
    CardiffBaseball
    Participant

    Grrrrr Locked at 4.75.

    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.

    May 5, 2011 at 11:53 PM #692816
    CA renter
    Participant

    Good luck, Cardiff!

    May 5, 2011 at 11:53 PM #692894
    CA renter
    Participant

    Good luck, Cardiff!

    May 5, 2011 at 11:53 PM #693499
    CA renter
    Participant

    Good luck, Cardiff!

    May 5, 2011 at 11:53 PM #693646
    CA renter
    Participant

    Good luck, Cardiff!

    May 5, 2011 at 11:53 PM #693997
    CA renter
    Participant

    Good luck, Cardiff!

    May 6, 2011 at 6:43 AM #692836
    ocrenter
    Participant

    [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%.

    May 6, 2011 at 6:43 AM #692914
    ocrenter
    Participant

    [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%.

    May 6, 2011 at 6:43 AM #693519
    ocrenter
    Participant

    [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%.

    May 6, 2011 at 6:43 AM #693666
    ocrenter
    Participant

    [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%.

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