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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.

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