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neweconomicperspectives.org | ||
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www.soberlook.com
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| | | | | Guest post by $hane Obata Unconventional Policies and Their Effects on Financial Markets ________________________________________... | |
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www.soberlook.com
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| | | | | The combination of Intrade spike in Obama's victory odds and the president's comfortable lead in battleground states makes his victory in ... | |
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www.soberlook.com
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| | | | | Yesterday Kostas Kalevras pointed out a big spike in the ECB's MRO (main refinancing operations) facility. MRO is the central bank's sho... | |
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seattlebubble.com
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| | | It seems that in the Seattle area, a lot of people are confident that there's not a bubble, as evidenced by the ridiculous loans that they're taking out: ...38 percent of recent home mortgages in the Seattle-Bellevue- Everett market...were interest-only loans. 38 percent for the first three months of 2005, up from 37 percent for all of 2004. Yikes. Do these people even take pause to consider what their payments are going to be like if/when interest rates start going back up? That compares with a national average of 19.1 percent nationally (actually down slightly from 2004) and 28.3 percent for the state of Washington. Even 19.1 percent nationally seems high to me. How can lenders finance so many of these kinds of loans? Do they truly not see a risk in that? The gamble on interest-only loans (in which the borrower pays nothing on the principal) is a good one, as long as the borrower retains the ability to pay, or as long as home prices hold their value. Which ... | ||
