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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (28608)3/14/2005 8:48:43 PM
From: Elroy Jetson  Respond to of 110194
 
Hawthorne Savings & Loan in Southern California has been advertising the 1.25% loan for some time.

The real terms behind the headline - the loan accrues at something like 4.9% variable rate, while the "pay rate" is only 1.25% for the first three years or so.

In other words, the loan increases in size by 3.65% annually during the period of artificially low pay rate.
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To: Crimson Ghost who wrote (28608)3/15/2005 2:26:46 AM
From: John Vosilla  Respond to of 110194
 
I've lost track of how many new radio shows hosted by local mortgage brokers or realtors are on the air now down here. Is this now a national trend or just specific to only a few out of control one trick pony markets so dependent on housing?


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