Saturday, March 10, 2007

Mortgage rates are dropping fast again



The above chart is from bankrate.com - check the link on the tool bar to the right.

Mortgage rates are in free fall again. This time the clowns at Forbs are no longer predicting rates will triple over the course of the year. The bad news is the dollar is ready for a complete collasp. The USA is getting ready to cut rates while Europe is raising them. With the collaps of the dollar. tHe credit worthiness of America will likely collasp. So we will have low interest rates, but nobody will be allowed to borrow any money.

When does Bush leave the office?

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