The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (24553)	1/13/2005 10:55:58 AM
From: russwinter	Read Replies (1) of 110194

Have you come across any data about the use of these LIBOR rate loans? Very steady increase in costs registered, and I believe there are 2-2 1/2% margins applied, and often monthly, so doing some math: 1.75% early this year plus 2.0%= 3.75%, now 2.90% libor-loans.com + 2%=4.90%, viola a 30% higher payment. I came across a lady who is using one of these "interest only" to purchase and remodel a $ one million home in Portland. This might be a hot potato before long? See six month: bankrate.com And yes the market is totally oblivious: stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G

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