Globalization’s Achilles’ Heel

 
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  • Posted By: Jack999 @ 07/24/2008 2:23:19 AM

    Comment: Us economic looks bleak ahead,this why americans must realise their American Dreams slipping away day by day since depression days.The troubles of mortgage finance giants are pushing up home loan rates to their higest levels in five years.While the us inflation is up since 17 years.the average interest rate.

    The average rate for very big,so called 'Jumbo Loans' which cannot be sold to Fannie Mae and Freddie Mac was 7.8%,the highest since December 2000.
    Loan rates are rising because of concerns in the financial markets about the future of Fannie Mac and Freddie Mac,which own the guarantee nearly half of the nation's US$12 Trillion mortgage markets to foreign bond investor.
    The Washington can only try to stablise the Market by adding the cost is being passed on to comsumers via mortagage markets when,the the time US have the highest inflation ,unemployments,when personel income become flactuate.The rate hike is the greatest concern to home owners,whose mortgages required them to pay only the interest on thier lons for the few years.If such borrowers are unable to refinance into lower-cost loans,many of them will face the propects of having to pay both interest and principle at higher,adjustable rates.

    Let's me show you example for borrowers with a US$400,000 loan,such a jump could send their monthly payments to US$2,338 from US$1,417 that estimate the mortage payment .Im wondering how on earth the americans going to face this reality of future.

    US economy not going to be looks bleak but the Confidence level with foreign fund manager is sinking day to day by removing out billion Fund out from US soil.

    Only Obama policy looks much more brighter future for US to bring the confidence back in America compares to any John McCain policy.

  • Posted By: Jack999 @ 07/24/2008 2:20:24 AM

    Comment: typo US$ '12 TRILLION' morrtage market.

  • Posted By: Jack999 @ 07/24/2008 2:13:32 AM

    Comment: Us economic looks bleak ahead,this why americans must realise their American Dreams slipping away day by day since depression days.The troubles of mortgage finance giants are pushing up home loan rates to their higest levels in five years.While the us inflation is up since 17 years.the average interest rate.

    The average rate for very big,so called 'Jumbo Loans' which cannot be sold to Fannie Mae and Freddie Mac was 7.8%,the highest since December 2000.
    Loan rates are rising because of concerns in the financial markets about the future of Fannie Mac and Freddie Mac,which own the guarantee nearly half of the nation's US$12 billion mortgage markets to foreign bond investor.
    The Washington can only try to stablise the Market by adding the cost is being passed on to comsumers via mortagage markets when,the the time US have the highest inflation ,unemployments,when personel income become flactuate.The rate hike is the greatest concern to home owners,whose mortgages required them to pay only the interest on thier lons for the few years.If such borrowers are unable to refinance into lower-cost loans,many of them will face the propects of having to pay both interest and principle at higher,adjustable rates.

    Let's me show you example for borrowers with a US$400,000 loan,such a jump could send their monthly payments to US$2,338 from US$1,417 that estimate the mortage payment .Im wondering how on earth the americans going to face this reality of future.

    US economy not going to be looks bleak but the Confidence level with foreign fund manager is sinking day to day by removing out billion Fund out from US soil.

    Only Obama policy looks much more brighter future for US to bring the confidence back in America compares to any John McCain policy.

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