Investment advise

David wrote:Maybe "umpteen" but I remember the 80s, maybe you don't. Most importantly, nothing goes in one direction forever. Or you could look here:
http://people.stern.nyu.edu/adamodar/New_Home_Page/datafile/histret.html

Now, talk to me again about all they do is go down.

Well sure, I remember having my first mortgage at 9%, then they went up to over 18%. However, this time if they put the rates up too fast the whole house of cards would collapse. Furthermore a 30 year fixed rate mortgage is now at slightly over 4%. So, they could stay down a very long time. Just saying.
Low rates seem to be the current plan.

They are the current plan but at some point rates will rise. Whether it's next year or 2013 no one knows.

Yesterday Gold DROPPED over $100.00....
Who and what determine the fluctuations I wonder...

Today it was announced that mortgage rates went up!

By Andrea Coombes, MarketWatch
SAN FRANCISCO (MarketWatch) — Mortgage rates on fixed-rate loans inched higher this week, following Treasury bond yields as they rose in the wake of some glimmers of hope for the economy, according to a weekly survey of conforming-loan rates released by Freddie Mac on Thursday.

The average rate on a 30-year-fixed mortgage ticked higher to 4.22% for the week ending Aug. 25, after hitting a record-low 4.15% a week ago. A year ago, the rate was 4.36%, Freddie Mac said. Read about record-low rates a week ago.


“A few good days for the stock market, and better than expected durable-goods orders helped push Treasury yields up from last week’s levels,” said Greg McBride, senior financial analyst with Bankrate.com, which is not involved in the Freddie Mac survey

A few good days ... not exactly a ringing endorsement... but I like your enthusiasm...

hockables wrote:Yesterday Gold DROPPED over $100.00....
Who and what determine the fluctuations I wonder...

Excellent question. The price is set every morning by the banksters in London and New York. Then fiddled with by paper shuffling of ETF's and other phony financial tricks throughout the day.

Frequently of late gold has been in backwardation. What's that? When the stated gold price on forex is a helluva lot different than what you have to plonk down for a chunk.

Starting to smell a rat?

hockables wrote:By Andrea Coombes, MarketWatch
SAN FRANCISCO (MarketWatch) — Mortgage rates on fixed-rate loans inched higher this week, following Treasury bond yields as they rose in the wake of some glimmers of hope for the economy, according to a weekly survey of conforming-loan rates released by Freddie Mac on Thursday.

The average rate on a 30-year-fixed mortgage ticked higher to 4.22% for the week ending Aug. 25, after hitting a record-low 4.15% a week ago. A year ago, the rate was 4.36%, Freddie Mac said. Read about record-low rates a week ago.


“A few good days for the stock market, and better than expected durable-goods orders helped push Treasury yields up from last week’s levels,” said Greg McBride, senior financial analyst with Bankrate.com, which is not involved in the Freddie Mac survey

A few good days ... not exactly a ringing endorsement... but I like your enthusiasm...

Glimmers of hope for the economy.

Financial news is not news, it's propaganda.

Commissions, you know.

A rat? How about a whole barnfull ?

Rates are always up and down, BS, statistic, revised stats from months back, glimmers of hope, and other propaganda to trick the masses into thinking all is well and to spend the money they don't have.

the pessimist in me tends to agree with you.... i think the system is totally corrupt... my money remains managed by me

not trying to plug yer business spencer but ... are u still middling investers with working stiffs having trouble financing their home?

that might be something i would consider...

I think that it is an excellent time to invest in rooming houses in northern Alberta. Prices are artificially low in an exploding economy. Call me for more details!

Christ Steve... U still selling that ole Nunnery

I'm still putting together people with money to lend and investors. More people wanting money than investors and many who really are high risk borrowers, mainly people in real estate and construction who are a sinking ship and need to adjust their lifestyles and find another job but can't face reality. I've faced reality and expanded my outlook and am glad I did, as so many in my business have crashed and burned, put all in real estate and now have zero equity, no retirement and only debt with little to no income.

I manage my parents retirement fund and was earning for them 10 to 14% consistently for many, many years, including those years the stock market tanked and yesterday told them that the new safe investments will only pay 6 to 8% but the chance of loss is slim to none, they should be glad they didn't lose half the value of their investments or more like so many and were still raking in 13% on average with mortgage investments but I'm very skeptical about the near future.