Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (6074)	5/10/2004 10:56:14 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

I have heard between 34 and 50% I am assuming it is something like 40%. In the firts Q this year, 40% (according to memory) refis were cash out refis. Now what are they tied to? I would assume most are tied to the 10yr or 30yr note. Mine is attached to 1 month libor rate which I do not think has risen yet. Not sure as we just refi'd. I can take a 2 point hike and still be better off that fixed rate. But tied to a 10 yr or 30 yr, I doubt most people can say that. I am willing to assume that interest only loans tied to libor are a very small %. Most people have never heard of them. Anyone pressured on payments now has to feeling some pain soon with rising oil, rising medical, rising food, and rising interest rates. When housing slows watch bankruptcies soar. Mish