Nobody wants our Debt :( (interest rate, foreclose, mortgage rates, banks)

[chuck22b]

Is this a sign of rising interest rates in the future? If so, then there's going to be more pain in the housing sector as mortgage rates go up for new borrowers. Forget about 6%... from the article, if some banks offload just some of its' holdings of American debt, the rates could easily go up another 1%.

Dollar Slide Drives Budget as Japan Shuns Treasuries
Bloomberg.com: Exclusive

I guess if you believe what's going to happen that you should fix your rates now when it's relatively less expensive.

In the home front, houses should go down quite a bit more to compensate for higher borrowing rates while inventories are high... otherwise once inventories get absorbed, tough luck borrowing and buying a house in the future.

-chuck22b

[Fighter 1]

Originally Posted by chuck22b

Is this a sign of rising interest rates in the future? If so, then there's going to be more pain in the housing sector as mortgage rates go up for new borrowers. Forget about 6%... from the article, if some banks offload just some of its' holdings of American debt, the rates could easily go up another 1%.

Dollar Slide Drives Budget as Japan Shuns Treasuries
Bloomberg.com: Exclusive

I guess if you believe what's going to happen that you should fix your rates now when it's relatively less expensive.

In the home front, houses should go down quite a bit more to compensate for higher borrowing rates while inventories are high... otherwise once inventories get absorbed, tough luck borrowing and buying a house in the future.

-chuck22b

Japan may publicly shun our treasuries , by at the same time they are thru blind holdings working with the Banks and lending agent to buy lot of homes (1000 to 1500 at a time )at auction after the Banks foreclose for as little as .38 cents on the dollar . They are loving it. Then they sell to american investorsfor .42 to .48 cents in smaller lots . all the time crying that our money is no good !!! doesen't sound like much ? x Thousands of homes =?? Ask why don't they sell to the people here before they go oversea's????