All Time Low Mortgage Rates For A++ Borrowers Only, Fed’s Efforts Futile
As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, only to discover that they do not qualify for the “low advertised rate” (Few May Benefit From Lower Mortgage [...]
30 Year Mortgage Rates At 4.5% – Is 3.5% Possible?
How Low Can Mortgage Rates Get? According to Freddie Mac, the average 30 year fixed rate mortgage dropped for the 10th consecutive week to a new low of 5.01%. This is the lowest rate reported by Freddie [...]
Inflation – The Real Long Term Threat To Financial Survival
Concerned with the preservation of wealth and purchasing power? The US Government Will Not Choose Deflation by Rich Toscano and John Simon Conclusion We in the United States have been dumping our dollars into the world for [...]
Fed’s Asset Purchases Continue To Expand
The $8 Trillion Dollar Bailout NEW YORK (CNNMoney.com) — Sitting down? It’s time to tally up the federal government’s bailout tab. There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up [...]
The Terminal Debt Trap
US Could Be Facing Debt “Time Bomb” This Year WASHINGTON – With President-elect Barack Obama and congressional Democrats considering a massive spending package aimed at pulling the nation out of recession, the national debt is projected to [...]
How To Inspire Panic In An Economic Crisis
In an extraordinarily candid and chilling economic assessment, the Governor of the Bank of Spain, Miguel Ordonez, warned that the global economy is on the brink of a “total” financial meltdown. Governor Ordonez, in an interview with [...]
$700 Billion Debated – $5 Trillion Ignored
When the original $700 billion TARP bailout program was proposed by Treasury Secretary Paulson and Federal Reserve Chairman Bernanke, the American public was shocked. The size of the bailout request was colossal, representing almost 10% of the [...]
