Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 11th_VA
Those with fixed, Low interest loans will be in the winners circle ...

If we're allowed to keep the same rates. Remember, Hussein can change anything he wants.
17 posted on 06/10/2009 11:49:08 AM PDT by Sig Sauer P220 (The great object is that every man be armed. - Patrick Henry)
[ Post Reply | Private Reply | To 14 | View Replies ]


To: Sig Sauer P220
...and in this instance who could blame Obama for intervening? The bidders at these Treasury auctions are nothing more than greedy speculators who put their private interest above the public good.
18 posted on 06/10/2009 11:52:59 AM PDT by Mr. Lucky
[ Post Reply | Private Reply | To 17 | View Replies ]

To: Sig Sauer P220

That’s what I’m wondering about. I just recently refinanced my mortgage at 4.5% for 30 years. I was wondering what would happen to the financial industry if all of a sudden interest rates jumped to 10-15-20% per year...You would have a major crisis and uprising if the government allowed inflation indexing of mortgages like many other countries do (3rd world countries...that is). Growing up in Brazil during my childhood, I remember inflation rate exceeding savings rates....People purchased goods as soon as they received their paycheck...People threw their money at real estate, even cars for investments.


24 posted on 06/10/2009 12:29:09 PM PDT by Maringa
[ Post Reply | Private Reply | To 17 | View Replies ]

To: Sig Sauer P220
Those with fixed, Low interest loans will be in the winners circle ... If we're allowed to keep the same rates. Remember, Hussein can change anything he wants.

That's one of my concerns too ...

41 posted on 06/10/2009 1:48:55 PM PDT by GOPJ (Nobel Prizes & Pulitzers, now only monuments to left wing bias - shame recipients.)
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson