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Old 05-27-2009, 07:29 PM
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Default treasury nightmare, never seen anything like this

never seen the bond market like today...ever. wow, i think the mortgage rates will start to go very soon. This is very bad.

cnbc has some info, but i dont think the article fully explained how bad the bond market was today.

New Worry for Stocks: Treasury Selloff Pushing Up Interest Rates - Market Insider with Patti Domm - CNBC.com
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Old 05-27-2009, 07:48 PM
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If you are going to refinance do it NOW. The mortgage rates have bottomed out and now its back up.
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Old 05-27-2009, 08:07 PM
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anyone on the sidelines (with respect to buying a house) better get their act together
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Old 05-27-2009, 08:26 PM
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LOLOLOOLOLOLOLOL!! Sorry!
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Old 05-27-2009, 08:27 PM
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xmonger will become famous soon enoughxmonger will become famous soon enough
Rates go up...next stop...acceleration in the housing market free fall.
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Old 05-27-2009, 08:32 PM
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Quote:
Originally Posted by xmonger View Post
Rates go up...next stop...acceleration in the housing market free fall.

Ohh no please that wont happen, just ask JG. People can barely afford homes now dont you know when rates go up things will just change like magic.
What about that fact that I dont care about rates? Should I wait JG?
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Old 05-27-2009, 08:50 PM
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Quote:
Originally Posted by JG183 View Post
anyone on the sidelines (with respect to buying a house) better get their act together
Yes, buy now before the prices really collapse.

And before the US dollar collapses and turns the entire US into detroit... Sure buy a house with land away from the city, but in NJ... better hope this guy actually gets one wrong:
YouTube - Fox Business: Gerald Celente Predicts Revolution
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Old 05-27-2009, 09:30 PM
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Quote:
Originally Posted by gagaliya View Post
never seen the bond market like today...ever. wow, i think the mortgage rates will start to go very soon. This is very bad.

cnbc has some info, but i dont think the article fully explained how bad the bond market was today.

New Worry for Stocks: Treasury Selloff Pushing Up Interest Rates - Market Insider with Patti Domm - CNBC.com
If you got scared today, I'd hate to see you when the bond market explodes. US treasuries are currently the biggest ponzi scheme alive.
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Old 05-27-2009, 10:23 PM
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Originally Posted by theoakman View Post
If you got scared today, I'd hate to see you when the bond market explodes. US treasuries are currently the biggest ponzi scheme alive.
I thought the US economy was the biggest ponzi scheme going.
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Old 05-27-2009, 10:54 PM
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elflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the roughelflord1973 is a jewel in the rough
Quote:
Originally Posted by JG183 View Post
anyone on the sidelines (with respect to buying a house) better get their act together
Yeah, it's not too late to overpay for a house ... but time is running out.
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