Political: Bernanke ties rates to unemployment; what does that mean?
So when 99 weeks of unemployment end, rates go up?
by the voice of reason December 12, 2012 8:40 PM
In reality, the US economy won't pick up until Obama is unemployed.
by chubbs1 December 13, 2012 3:04 PM
meaning refis are great - getcha some
by chubbs1 December 13, 2012 3:05 PM
Now the Fed is inciting deflation. It is risky to invest in new MBS because rates are so low. However the Fed keeps buying, keeping rates low, like a dog chasing its tail. At some point they will need to print even more money to bail out of their losses on those "investments." The next crisis will be caused, and not be containable, by the Fed. I suspect we ain't seen nothin' yet.
Lots of doom and gloom in my vision of the future. But I find ways to be personally cheerful. Really.
by oldbe December 13, 2012 4:00 PM
by oldbe December 13, 2012 5:08 PM
Hey oldbe. The other night in this sitcom they were making snowcones topped with Jack Daniels! What a great idea!
84% of the market is refinances. That is insane.
by the voice of reason December 13, 2012 6:21 PM