Home › Forums › Financial Markets/Economics › Rates dropping like a brick.
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October 15, 2010 at 8:27 PM #619805October 23, 2010 at 11:57 AM #621888briansd1Guest
Like I said, it’s not all bad for the thrifty and credit worthy (at least those with debts to refinance)
Now, at last, the frugal are celebrating. With a leg up on their less creditworthy neighbors, they are qualifying for refinanced home mortgages at interest rates that in any other recent era would have been considered stealing. And unlike in late 2008, when rates started their plunge to historic lows, many lenders say they are rushing to accommodate the influx in applications.
Wilner Samson and Michelle Smedley, both doctors, just refinanced their home in West Hartford, Conn., saving $300 a month. “There were times during the housing boom when I felt I was missing out on a big party,” said Dr. Samson, a kidney specialist. “Now I’m getting my reward.”
October 23, 2010 at 11:57 AM #621972briansd1GuestLike I said, it’s not all bad for the thrifty and credit worthy (at least those with debts to refinance)
Now, at last, the frugal are celebrating. With a leg up on their less creditworthy neighbors, they are qualifying for refinanced home mortgages at interest rates that in any other recent era would have been considered stealing. And unlike in late 2008, when rates started their plunge to historic lows, many lenders say they are rushing to accommodate the influx in applications.
Wilner Samson and Michelle Smedley, both doctors, just refinanced their home in West Hartford, Conn., saving $300 a month. “There were times during the housing boom when I felt I was missing out on a big party,” said Dr. Samson, a kidney specialist. “Now I’m getting my reward.”
October 23, 2010 at 11:57 AM #622532briansd1GuestLike I said, it’s not all bad for the thrifty and credit worthy (at least those with debts to refinance)
Now, at last, the frugal are celebrating. With a leg up on their less creditworthy neighbors, they are qualifying for refinanced home mortgages at interest rates that in any other recent era would have been considered stealing. And unlike in late 2008, when rates started their plunge to historic lows, many lenders say they are rushing to accommodate the influx in applications.
Wilner Samson and Michelle Smedley, both doctors, just refinanced their home in West Hartford, Conn., saving $300 a month. “There were times during the housing boom when I felt I was missing out on a big party,” said Dr. Samson, a kidney specialist. “Now I’m getting my reward.”
October 23, 2010 at 11:57 AM #622655briansd1GuestLike I said, it’s not all bad for the thrifty and credit worthy (at least those with debts to refinance)
Now, at last, the frugal are celebrating. With a leg up on their less creditworthy neighbors, they are qualifying for refinanced home mortgages at interest rates that in any other recent era would have been considered stealing. And unlike in late 2008, when rates started their plunge to historic lows, many lenders say they are rushing to accommodate the influx in applications.
Wilner Samson and Michelle Smedley, both doctors, just refinanced their home in West Hartford, Conn., saving $300 a month. “There were times during the housing boom when I felt I was missing out on a big party,” said Dr. Samson, a kidney specialist. “Now I’m getting my reward.”
October 23, 2010 at 11:57 AM #622974briansd1GuestLike I said, it’s not all bad for the thrifty and credit worthy (at least those with debts to refinance)
Now, at last, the frugal are celebrating. With a leg up on their less creditworthy neighbors, they are qualifying for refinanced home mortgages at interest rates that in any other recent era would have been considered stealing. And unlike in late 2008, when rates started their plunge to historic lows, many lenders say they are rushing to accommodate the influx in applications.
Wilner Samson and Michelle Smedley, both doctors, just refinanced their home in West Hartford, Conn., saving $300 a month. “There were times during the housing boom when I felt I was missing out on a big party,” said Dr. Samson, a kidney specialist. “Now I’m getting my reward.”
October 23, 2010 at 2:46 PM #621928sobmazParticipant[quote=SD Realtor]Saving dollars right now is a fools game. How can anyone say policies like this are good for savers. You are better off taking your dollars and buying mud. Look at what your dollar was worth just 3 months ago compared to today.
If you look at the big picture of what is going on and how things will manifest you better start doing something better with your dollars then saving them.
FLU exactly correct, equities are/will continue to bubble EXACTLY because of what you point out. The dollar becomes more worthless.
Welter/Scaredy you have to carry out the scenario to a conclusion. If you held debt and the notes you held continue to grow weaker and weaker would continue to hold that debt until it was a shriveled up turd? Wouldn’t/Shouldn’t other nations devalue their currencies as well? Think about it….[/quote]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.
The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?
October 23, 2010 at 2:46 PM #622012sobmazParticipant[quote=SD Realtor]Saving dollars right now is a fools game. How can anyone say policies like this are good for savers. You are better off taking your dollars and buying mud. Look at what your dollar was worth just 3 months ago compared to today.
If you look at the big picture of what is going on and how things will manifest you better start doing something better with your dollars then saving them.
FLU exactly correct, equities are/will continue to bubble EXACTLY because of what you point out. The dollar becomes more worthless.
Welter/Scaredy you have to carry out the scenario to a conclusion. If you held debt and the notes you held continue to grow weaker and weaker would continue to hold that debt until it was a shriveled up turd? Wouldn’t/Shouldn’t other nations devalue their currencies as well? Think about it….[/quote]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.
The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?
October 23, 2010 at 2:46 PM #622572sobmazParticipant[quote=SD Realtor]Saving dollars right now is a fools game. How can anyone say policies like this are good for savers. You are better off taking your dollars and buying mud. Look at what your dollar was worth just 3 months ago compared to today.
If you look at the big picture of what is going on and how things will manifest you better start doing something better with your dollars then saving them.
FLU exactly correct, equities are/will continue to bubble EXACTLY because of what you point out. The dollar becomes more worthless.
Welter/Scaredy you have to carry out the scenario to a conclusion. If you held debt and the notes you held continue to grow weaker and weaker would continue to hold that debt until it was a shriveled up turd? Wouldn’t/Shouldn’t other nations devalue their currencies as well? Think about it….[/quote]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.
The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?
October 23, 2010 at 2:46 PM #622696sobmazParticipant[quote=SD Realtor]Saving dollars right now is a fools game. How can anyone say policies like this are good for savers. You are better off taking your dollars and buying mud. Look at what your dollar was worth just 3 months ago compared to today.
If you look at the big picture of what is going on and how things will manifest you better start doing something better with your dollars then saving them.
FLU exactly correct, equities are/will continue to bubble EXACTLY because of what you point out. The dollar becomes more worthless.
Welter/Scaredy you have to carry out the scenario to a conclusion. If you held debt and the notes you held continue to grow weaker and weaker would continue to hold that debt until it was a shriveled up turd? Wouldn’t/Shouldn’t other nations devalue their currencies as well? Think about it….[/quote]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.
The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?
October 23, 2010 at 2:46 PM #623014sobmazParticipant[quote=SD Realtor]Saving dollars right now is a fools game. How can anyone say policies like this are good for savers. You are better off taking your dollars and buying mud. Look at what your dollar was worth just 3 months ago compared to today.
If you look at the big picture of what is going on and how things will manifest you better start doing something better with your dollars then saving them.
FLU exactly correct, equities are/will continue to bubble EXACTLY because of what you point out. The dollar becomes more worthless.
Welter/Scaredy you have to carry out the scenario to a conclusion. If you held debt and the notes you held continue to grow weaker and weaker would continue to hold that debt until it was a shriveled up turd? Wouldn’t/Shouldn’t other nations devalue their currencies as well? Think about it….[/quote]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.
The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?
October 23, 2010 at 8:01 PM #621993MadeInTaiwanParticipant[quote=sobmaz]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?[/quote]
I don’t want to call anyone a fool, but there is a reason all of the major currencies went to “FIAT”. Between the two WW, France was the first to devalue/float its currency to stimulate manufacturing and exports. One by
October 23, 2010 at 8:01 PM #622077MadeInTaiwanParticipant[quote=sobmaz]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?[/quote]
I don’t want to call anyone a fool, but there is a reason all of the major currencies went to “FIAT”. Between the two WW, France was the first to devalue/float its currency to stimulate manufacturing and exports. One by
October 23, 2010 at 8:01 PM #622637MadeInTaiwanParticipant[quote=sobmaz]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?[/quote]
I don’t want to call anyone a fool, but there is a reason all of the major currencies went to “FIAT”. Between the two WW, France was the first to devalue/float its currency to stimulate manufacturing and exports. One by
October 23, 2010 at 8:01 PM #622761MadeInTaiwanParticipant[quote=sobmaz]
You wouldn’t believe the number of people who really believe that our real worry is “deflation”.The US is populated with fools, for the most part, and if the FED says deflation is what we need to worry about people will believe it hook line and sinker.
There has only been one brief period of deflation in our FIAT history and to think it is a possibility with the “Quantitative Easings” is ridiculous.
Quantitative Easing sounds so much better than “printing money and dropping it from helicopters”, don’t you think?[/quote]
I don’t want to call anyone a fool, but there is a reason all of the major currencies went to “FIAT”. Between the two WW, France was the first to devalue/float its currency to stimulate manufacturing and exports. One by
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