US Mortgages Hit 3 1/2 Year High
Mortgages climbed to their highest level in more than 31/2 years this week, with the benchmark 30-year loan averaging just short of 6.5%, Freddie Mac said Thursday.Someone ought to tell this bozo that Americans aren't falling for this crap anymore. "We all know" that you can't fight inflation by raising interest rates!
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"Mortgage rates continued to creep up following the unexpected drop in March's unemployment rate. That drop indicated there may be some upward pressure on wages in the near future, which could lead to a rise in inflation," said Frank Nothaft, Freddie Mac chief economist. "And the threat of a higher rate of inflation, as we all know, invariably leads to higher mortgage rates."
These guys are just trying to collect as many of our assets as possible before their casino in the sky comes crashing down.
posted by qrswave @ Thursday, April 13, 2006
1 Comments:
Silverisgood,
I suggest walking of HomeDepot even before you get there. They pay for terrorist security guards to chase away unarmed day labors with guns. They have joined forces with the corporate terrorists at Shitibank to promote the corporate terrorists credit cards.
Back to this piece though. The American Dream is dead. I don't give a ^%$#@ about my credit rating. Not just because it is an imaginary number created by the corporate terrorists, but because I will never be able to buy a house without getting totally ripped of by the interest terrorists.
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