Well it will be interesting to see wut happens, I'm guessing with the market as shitty as it is that Bernanke will hold off any more increases until the end of the year, then it will get ugly.



Prolly gonna see rates close to 8 and 9 in 2007, but only time will tell.

 

yeah its gonna take a while for everyone to get used to the new guy

 

I'm wondering if I oughtta refi before the end of the year. ****, about a week ago woulda been perfect. Meh. My mortgage is gonna hit 6.4% next year, and it'll max at about 8.5%. Dunno what to do there.

 

If yer gonna refi i would do it within the next 3 to 6 months at the latest.

 

my latest federal loan is variable, only way they do it

 

Gotta love it... Google coming out with low quarterly profit reports, GM about to go bankrupt, federal reserve hiking intrest rates, Walmart lawsuits, State of the Union, etc etc... makes for a very volatile market! Just the way I like it



But yeah, sucks for you home owners .... lol

 

I been thinking about selling and renting, to be honest! I dunno if I can afford a mortgage payment that's $300 higher than it is now in three years. I'll be broke and SOL.

 

doesnt effect my mortgage at all.

 

most variables have a cap

 

Yeah.. the cap is 3% higher than where I'm at now. It's kinda lame.. Stupid me, thinking, "****, if its starting this low, when it stops I'll be fine!" Turns out that was WRONG. I should saved my pennies while living in an apartment or something.. Until I had enough to go for a traditional 80% loan. What I got was a 5/1 ARM FHA 100% loan.. Whereas I started at 3.25% and it'll adjust a max of 1% per year over 5 years, then fix. Pttthhhbbbb to high-pressure mortgage brokers!