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bsrsharma
Participantmedical assistant buying a $550,000 house
Well, if it was a zero down, 2% teaser for a couple of years and the foreclosure process takes an year to sort out (during which he may stop sending mortgage) and finally some Gorilla in Paris or Frankfurt ends up losing his shirt, what has the medical assistant lost by living in a mansion for 3 years? Looking back, he made a good economic decision considering risk & reward. Here we are researching how to get an extra 1% on our savings account and that guy got a free castle to live in. Some times I feel he may be the smarter guy.
And as a bonus, he made housing a lot cheaper for the rest of us in future!
August 13, 2007 at 11:45 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74413Participantmystery ingredient as being Cow Shit
Great analogy LAR. You summarized the entire US debt market beautifully!
August 13, 2007 at 11:45 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74530Participantmystery ingredient as being Cow Shit
Great analogy LAR. You summarized the entire US debt market beautifully!
August 13, 2007 at 11:45 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74535Participantmystery ingredient as being Cow Shit
Great analogy LAR. You summarized the entire US debt market beautifully!
ParticipantRustico,
What happened at the last one? Did they sell at high prices? This is just the leading edge of the wave. The better deals are still a while away.
ParticipantRustico,
What happened at the last one? Did they sell at high prices? This is just the leading edge of the wave. The better deals are still a while away.
ParticipantRustico,
What happened at the last one? Did they sell at high prices? This is just the leading edge of the wave. The better deals are still a while away.
August 13, 2007 at 11:00 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74350Participantjumbo rates will come back down
May be; but may not be too. Much of these funds were overseas and only now they are waking up and smelling the MBS manure. US needs $2B per day of foreign cash to consume and with this snakebite, foreigners are going to be very suspicious. Watch them hide under the bed from most private sector debt. That means Jumbo rates for Jumbo loans.
August 13, 2007 at 11:00 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74465Participantjumbo rates will come back down
May be; but may not be too. Much of these funds were overseas and only now they are waking up and smelling the MBS manure. US needs $2B per day of foreign cash to consume and with this snakebite, foreigners are going to be very suspicious. Watch them hide under the bed from most private sector debt. That means Jumbo rates for Jumbo loans.
August 13, 2007 at 11:00 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74473Participantjumbo rates will come back down
May be; but may not be too. Much of these funds were overseas and only now they are waking up and smelling the MBS manure. US needs $2B per day of foreign cash to consume and with this snakebite, foreigners are going to be very suspicious. Watch them hide under the bed from most private sector debt. That means Jumbo rates for Jumbo loans.
ParticipantFNBO direct. they have 6%
Is it FDIC insured? – Yes it is. Good one. Only problem is the high rate is till end of September.
BTW, does anyone know of any other FDIC insured Savings accounts that gives 6% or above APR? (I feel the bankrate.com is a pain)
ParticipantFNBO direct. they have 6%
Is it FDIC insured? – Yes it is. Good one. Only problem is the high rate is till end of September.
BTW, does anyone know of any other FDIC insured Savings accounts that gives 6% or above APR? (I feel the bankrate.com is a pain)
ParticipantFNBO direct. they have 6%
Is it FDIC insured? – Yes it is. Good one. Only problem is the high rate is till end of September.
BTW, does anyone know of any other FDIC insured Savings accounts that gives 6% or above APR? (I feel the bankrate.com is a pain)
ParticipantHigh yield money market is not covered?
Usually so, unless they clearly identify otherwise. The SDCCU high yield Checking account is covered. Usually, anything with the words Savings or Checking is covered. But always read the fine print or ask. I have never heard of a bank misleading to invest in non-FDIC accounts. (Customer stupidity is a different story)
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