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1
Â¥
2012 Jan 19, 5:27am
Â¥
2012 Jan 19, 5:27am
5/1 ARM is 2.25%, LOL.
Good thing I speak Japanese, the banks should understand that soon enough.
3
PockyClipsNow
2012 Jan 19, 6:11am
PockyClipsNow
2012 Jan 19, 6:11am
So lets assume we are following a similar path to Japan.
What has been a good investment in Japan the last 20 years? Anyone follow them? At this point I am giving up on a 'bond market blow up/interest rate spike' event - it just seems impossible.
4
joshuatrio
2012 Jan 19, 6:32am
joshuatrio
2012 Jan 19, 6:32am
Interest rates are falling.
Housing prices are falling.
Why finance today when you can finance later for 50% less?
I like it.
http://finance.yahoo.com/news/rate-30-mortgage-down-record-3-88-pct-150126165.html
"WASHINGTON (AP) — The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage dipped to 3.88 percent this week, down from the old record of 3.89 percent one week ago.
The average on the 15-year fixed mortgage ticked up to 3.17 percent from 3.16 percent, which was also a record low. Records for mortgage rates date back to the 1950s."
#housing