Foreigners losing appetite for US Treasuries or Why interest rates are going up
Bloomberg News reports that Foreign Investors are losing their appetite for US Debt.
This basically means that the Fed is going to have to raise the interest rates offered on the treasures, which in turn will cause the mortgage rates to rise as well. This doesn’t bode too well for the countless investors and homeowners with ARMs. In San Diego this year, 87% of all new loans were ARMs. This is one of the factors that will cause home prices to deflate in the area.
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Forecasting Tools Came across this website called Forecast.org.They have a 6 month forecast[into the future] for all financial data including stock market indices, currency conversion rates, interest rates, commodity prices, etc. I don't expect them to be very accurate [coz if they were they'd trade their data on the futures option market...... - Notice from Mortgage Company One of my lenders sent me a notice yesterday. Apparently on the loan docs that funded 1 year and 5 weeks ago, I had forgotten to sign the document that alerted me to the fact that my loan had a soft prepay penalty. This is the 2nd time this company......
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