Comments on: Mortgage Rates Rise 10% After Fed Rate Cuts

By: cranker

cranker — Thu, 08 May 2008 20:01:22 +0000

yup bob lots more would be in jail be at least some are serving jail time but even then they will walk out with millions hidden , maybe 6 months into new presidents term i think banks will line out if and only if that new 3 way control mister bush is setting up to control interrest rates can be over ruled , to think the world bank will have a hand in our fed rates makes me down right puke , we take a beating from what the world bank has let japan and china and india get by with for the last 5 yrs . even though japan had to raise there rates from zero to .05 to business investors o gee that was real fair ,,, is a shame bush has let others run our rates into the mud and foreign money buy up so much of america , saudia arabs control 6 percent of total america maybe they will have a say in future investment rates .

By: Dan Isaacs

Dan Isaacs — Thu, 08 May 2008 16:46:27 +0000

WRT to the Mortgage rates being around %6…why is this high? It’s still near historic lows. My first mortgage in 2002 was %6.25, and I was thrilled to have it. With housing being near bottom prices, it’d be stupid NOT to by now if you were in the market.

By: steve

steve — Sun, 04 May 2008 17:09:15 +0000

to 2nd bob – its humorous that you ask bob not to mention china as if you have any idea…our gdp showed a 2/3% (although pitiful) growth over the first qtr 2008 which pessimists can only label as a “growth” recession (oxymoron, huh)…and we certainly would be in trouble if the economy remained stagnant FOR 20 YEARS…absolutely ludicrous post…thanks for the laugh

By: bob

bob — Sat, 03 May 2008 12:51:50 +0000

Our economy is going down and all life necessities are going up, people are losing their homes, big corporates are feeding on people blood because there are no regulations and you’re still happy with what we enduring!! Bob, please don’t mention China because you have no idea. I can tell you this: Overall the US is declining and if it continues this way, you are going to find yourself working in China or India in 20 years. We all will.

By: Dave

Dave — Sat, 26 Apr 2008 03:22:33 +0000

You seem to be quoting the federal discount rate, based on your graph and the figures you’re putting out there. However, when people say the Fed “lowered interest rates”, they’re usually talking about the federal funds rate, which is different and arguably more influential on the economy under normal conditions. The federal funds rate has also fallen in the past x months, so this is mostly just nitpicking. But.. the more you know?

By: Roge

Roge — Fri, 25 Apr 2008 13:16:34 +0000

Right on, Bob. I think the housing issue will come around just like anything else. The greed that big business has taken on is unconscionable. The proud, the free, and the “how can I get more” generation. I live in the real world. I go to work M-F, then pay my bills/mortgage(30 year fixed at 5.375%, thank you very much), pet the dog, hug my kids and life will go on. I can only control my little world. Investing is a risk and will always be a risk. So minimize risk! Invest in your family.

By: Bob

Bob — Thu, 24 Apr 2008 09:53:46 +0000

If this were almost any other country in the world the CEOs of BofA, WaMu, Merrill Lynch, Countrywide et.al would already be in prison. If it were China half of them would have already been executed. But in America they are free to concoct their next fiasco. Savings & Loan Scandal 1, Enron, Sub-Prime Scam….whats next?