Mortgage interest rates set to climb higher in 2010 (And you still don't believe in conspiracies?)

Mortgage interest rates rise, set to climb higher in 2010

www.csmonitor.com

Mortgage interest rates rose for the fourth consecutive week. If they continue to rise – as some experts expect – they could impact America's economic recovery.

Mortgage interest rates crept up for the fourth week in a row Thursday, a troubling sign for borrowers hoping that home finance will remain near historic lows during the new year.

(visit the link for the full news article)




[edit on 3-1-2010 by In nothing we trust]

What you still don't believe in conspiracies?

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The option adjustable rate mortgages will not be able to refinance leading to a huge number of additional foreclosures. Try 2X the number from the period (2007 - 2009) Take a closer look at the bar graph and you'll see what I mean.

A higher percentage of Alt-A, Prime and Agency mortgages will make a calculated decision and walk away simply because they will never regain thier losses in thier lifetime.

Given what has already passed. It will be, at least, twice as bad and possibly catastrophic as it is right now, from this point forward.

2012 will prove to be some sort of reset. What comes between now and then will prove to be interesting.

www.csmonitor.com
(visit the link for the full news article)



[edit on 3-1-2010 by In nothing we trust]

It was inevitable.Thanks for posting s&f

Originally posted by genius/idoit

It was inevitable. Thanks for posting s&f

ANNUIT COEPTIS - DIVIDE ET IMPERA

[atsimg]http://files.abovetopsecret.com/images/member/16941db608ca.jpg[/atsimg]

My part is done.

The war will commence.

2 Thessalonians 3:15
"Don't think of them as enemies, but warn them as you would a brother or sister."

Come what will

[edit on 3-1-2010 by In nothing we trust]