Yardeni: "The Bond Vigilantes Finally Woke Up"
Video - Economist Ed Yardeni - Runs 5 minutes
- "QE2 is like throwing gasoline on a fire that's already burning."
The Treasury market's violent reaction to Bernanke's 60 Minutes appearance is the focus of the discussion.
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30-year mortgage jumps to 7-month high
Interest rates on the 30-year fixed-rate mortgage averaged 4.83% for the week ending Dec. 16, up from 4.61% last week. The mortgage averaged 4.94% a year ago.
Fifteen-year fixed-rate mortgages averaged 4.17%, up from 3.96% last week. The mortgage averaged 4.38% a year ago.
Adjustable-rate mortgages also rose, with the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaging 3.77%, up from 3.6% last week. The ARM averaged 4.37% a year ago.
And 1-year Treasury-indexed ARMs averaged 3.35%, up from 3.27% last week. The ARM averaged 4.34% a year ago.
http://www.marketwatch.com/story/30-year-mortgage-jumps-to-7-month-high-2010-12-16
Reader Comments (7)
source...
http://www.sovereignman.com/expat/young-people-get-ready-to-grab-your-ankles/
http://www.alternet.org/economy/149189/dude,_where's_my_mortgage_how_an_obscure_outfit_called_mers_is_subverting_our_entire_system_of_property_rights/null
“The remainder of the investment programs under TARP – in banks, AIG, credit markets, and the auto industry – will likely, in the aggregate, ultimately yield a positive return for taxpayers,” Geithner said, testifying before a Congressional Oversight Panel hearing on the bailout.
http://www.marketwatch.com/story/geithner-only-tarp-costs-will-be-from-housing-2010-12-16
After detailing college graduates with $97,000 and $120,000 in debt, I thought I had reached the peak of "bad ways to finance college." I was so, so wrong.
Here's the story of a young lady who has $200k in college debt (from an undergraduate degree alone.) Yikes! Her words:
The severity of my situation goes a bit deeper than "I owe this money, help me" - I am actually forced to live with my parents (forced = I am lucky! But...) as the monthly payments for just my private loans are currently $891 until Nov 2011 when they increase to $1600 per month for the following 20 years... attached is my payment plan. I also mentioned I have a job - which is great! And I probably have my college education to thank for that! Except there is still no way to make these monthly payments, and live on my own as a contributing member of society. Neither of my parents, nor I, really knew how this would pan out — unfortunately — and now that I'm here, I see no real light at the end of the tunnel.
http://www.freemoneyfinance.com/2010/12/we-have-a-new-college-debt-queen.html
http://blog.atimes.net/?p=1635