30 year fixed mortgage soaring higher

[Aaron Copland]

How about that, remember how taking Fannie and Freddy were going to bring rates down? well now rates are going higher and higher.

http://www.bankrate.com/brm/graphs/graph_trend.asp?product=1&prodtype=M

Banks get free money while Americans pay more for a loan now than in the last 10 years.

 

[Aaron Copland]

HELOC

http://www.bankrate.com/brm/graphs/...rodtype=k&ec_id=brmint_brm_large_new_loan_all

 

[volente_00]

Gotta love the system.


Don't worry next the govt will prob step in and do a subsidy of 1.5 % off of all new mortgages in order to get people to buy more houses. Maybe they will even do a 0% program like the automakers did.

 

[The Kin]

Of couse, that's why this bullshit rally will not last. Right now it's just a circle-jerk orgy with no chics.

 

[pitz]

The rally might last, but in vastly depreciated dollars, of course.