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    • March 17, 2008 at 3:51 PM #12148
      donaldduckmoore
      Participant

      Although the Fed keeps lowering the fed fund rate, the mortgage rate are not going lower but higher. Thanks to the lenders that the Fed was trying to help. The lenders try to spread the risks and start raising mortgage rate. The fed should considering stop helping the lenders but loan money directly to the distress homeowners instead to save the economy. My thought!

    • March 17, 2008 at 4:10 PM #171877
      Deal Hunter
      Participant

      Mortgage rates are not tied to the prime lending rate or the bank discount rate that the Fed controls. Mortgage rates are tied to bonds.

    • March 17, 2008 at 4:10 PM #172208
      Deal Hunter
      Participant

      Mortgage rates are not tied to the prime lending rate or the bank discount rate that the Fed controls. Mortgage rates are tied to bonds.

    • March 17, 2008 at 4:10 PM #172215
      Deal Hunter
      Participant

      Mortgage rates are not tied to the prime lending rate or the bank discount rate that the Fed controls. Mortgage rates are tied to bonds.

    • March 17, 2008 at 4:10 PM #172235
      Deal Hunter
      Participant

      Mortgage rates are not tied to the prime lending rate or the bank discount rate that the Fed controls. Mortgage rates are tied to bonds.

    • March 17, 2008 at 4:10 PM #172314
      Deal Hunter
      Participant

      Mortgage rates are not tied to the prime lending rate or the bank discount rate that the Fed controls. Mortgage rates are tied to bonds.

    • March 17, 2008 at 4:11 PM #171882
      Noob
      Participant

      So let me paraphrase your plan. You want my tax dollars to be “loaned” to a homeowner who already cannot pay their mortgage and is facing higher payments when their rate resets.

      Why don’t you just say you want me to give them money so they can stay in their million dollar home at my expense? Talk about tax breaks for the rich …

      How about we just let the market correct. That’s cheaper for everyone in the long run.

    • March 17, 2008 at 4:11 PM #172216
      Noob
      Participant

      So let me paraphrase your plan. You want my tax dollars to be “loaned” to a homeowner who already cannot pay their mortgage and is facing higher payments when their rate resets.

      Why don’t you just say you want me to give them money so they can stay in their million dollar home at my expense? Talk about tax breaks for the rich …

      How about we just let the market correct. That’s cheaper for everyone in the long run.

    • March 17, 2008 at 4:11 PM #172220
      Noob
      Participant

      So let me paraphrase your plan. You want my tax dollars to be “loaned” to a homeowner who already cannot pay their mortgage and is facing higher payments when their rate resets.

      Why don’t you just say you want me to give them money so they can stay in their million dollar home at my expense? Talk about tax breaks for the rich …

      How about we just let the market correct. That’s cheaper for everyone in the long run.

    • March 17, 2008 at 4:11 PM #172239
      Noob
      Participant

      So let me paraphrase your plan. You want my tax dollars to be “loaned” to a homeowner who already cannot pay their mortgage and is facing higher payments when their rate resets.

      Why don’t you just say you want me to give them money so they can stay in their million dollar home at my expense? Talk about tax breaks for the rich …

      How about we just let the market correct. That’s cheaper for everyone in the long run.

    • March 17, 2008 at 4:11 PM #172318
      Noob
      Participant

      So let me paraphrase your plan. You want my tax dollars to be “loaned” to a homeowner who already cannot pay their mortgage and is facing higher payments when their rate resets.

      Why don’t you just say you want me to give them money so they can stay in their million dollar home at my expense? Talk about tax breaks for the rich …

      How about we just let the market correct. That’s cheaper for everyone in the long run.

    • March 17, 2008 at 4:12 PM #171892
      sdnerd
      Participant

      Mortgage rates fell today; you can get a 30/yr fixed no point at Wells Fargo for 5.75%.

      I’m on the fence, I may go ahead and refinance to get out of my ARM @ that rate.

      If inflation takes off, having an ARM would not be fun.

    • March 17, 2008 at 4:12 PM #172226
      sdnerd
      Participant

      Mortgage rates fell today; you can get a 30/yr fixed no point at Wells Fargo for 5.75%.

      I’m on the fence, I may go ahead and refinance to get out of my ARM @ that rate.

      If inflation takes off, having an ARM would not be fun.

    • March 17, 2008 at 4:12 PM #172230
      sdnerd
      Participant

      Mortgage rates fell today; you can get a 30/yr fixed no point at Wells Fargo for 5.75%.

      I’m on the fence, I may go ahead and refinance to get out of my ARM @ that rate.

      If inflation takes off, having an ARM would not be fun.

    • March 17, 2008 at 4:12 PM #172249
      sdnerd
      Participant

      Mortgage rates fell today; you can get a 30/yr fixed no point at Wells Fargo for 5.75%.

      I’m on the fence, I may go ahead and refinance to get out of my ARM @ that rate.

      If inflation takes off, having an ARM would not be fun.

    • March 17, 2008 at 4:12 PM #172329
      sdnerd
      Participant

      Mortgage rates fell today; you can get a 30/yr fixed no point at Wells Fargo for 5.75%.

      I’m on the fence, I may go ahead and refinance to get out of my ARM @ that rate.

      If inflation takes off, having an ARM would not be fun.

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