The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: stockycd who wrote (2692)	11/28/2007 11:51:16 AM
From: mishedlo	Read Replies (3) of 71456

In spite of 75 basis points in cuts mortgage rates are where they were a year ago. However that is only for the primest of prime loans. Lending standards are tighter across the board so try getting that 5.5% ARM. Most that need it can't get it. To top it off a huge portion of those loans, especially in California, are pay option arms where the borrower cannot even afford the teaser rate. Take a look at Wells Fargo. globaleconomicanalysis.blogspot.com If you think subprime, Alt-A, or pay option arms on jumbos can get 5.5% you are smoking some strong stuff. But even if they could, many borrowers cannot even afford that rate! Mish

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