I have read some of the comments and what i am reading is: Let's blame someone for my own stupidity. I'm the one out borrowing to buy more than I can afford to pay, on a monthly term. I see crying from people with 6.1% rates on loans. These oh so poor idiots should have been around in the 1970's and 80's when the good interest rates on home loans was 8.75% . It's about time these poor mistreated children of the Clinton era grew up. We blame Bush for the economy. It was alive and well before the first 100 days of our fine do nothing spend happy Democratic congress took over. Read the real economic news prior to the Demo's and look at it now. The economy was in a hole after Billy Boy left office and then a good recovering was going before the now congress messed it up.
Edward
of MS
@
Apr 30, 2008 22:45:11 PM
Refinance
This is something that the President did. My intrest rate is 6.823 I was hoping it would lower to at least 6 or 7.5. The people with the adjusted rate are the ones whom are really going to suffer. So many peoples houses are foreclosing and more people are becoming homeless. This refinancing was supposed to help the whole economy.
Chanelle
of GA
@
Apr 30, 2008 22:08:02 PM
Refinance
Bush needs to get out of office, he's just messing the whole country up. Mr. Bush is corrupting our country. He needs to go back on a farm and shut himself up and never come out. My intrest rate is 9.8235 I was hoping it would lower to at least 6 or 7.5.
Chanel
of TX
@
Apr 30, 2008 22:04:52 PM
REFINANCE
I TAUGHT THE INTEREST RATE TO REFINANCE WAS GOING TO BE LOWER. I HAVE A 6.375 AND I WAS HOPING IT WAS LOWER AT LEAST 4.25 PERCENT.
WHAT IS WRONG WITH THIS COUNTRY
JENNIFER
of GA
@
Apr 30, 2008 21:58:15 PM
What?
This is the kind of nonsense the media's been spouting off for the last 10 years that's encouraged people to borrow even more. Based on the heading, I thought this article was going to be about investing. I can't believe it's another article encouraging MORE reckless borrowing.
jack
of IA
@
Apr 30, 2008 20:49:54 PM
Neither a borrower nor lender be!
This is the type of irresponsible advice that got America into the position it is, where we can only manufacture credit and export jobs. Real output has been declining for two decades now, papered over by BLS's hedonic adjustments and the Dept. of Commerce's transfer pricing, which has given much too much credit to domestic manufacturers for the efficiencies achieved by their overseas outsourcers--and who harvested the benefits of those efficiencies themselves, electing not to share them with employees or customers. They couldn't do it themselves, so they had the financial services industry bedazzle American employees and consumers with the phantom equity in their 401ks and homes, while withholding real wage increases, retiree income and health benefits. America does not need another loan. America needs a real wage increase, defined benefit retirement plans and universal health care.
Rich E
of CA
@
Apr 30, 2008 17:37:07 PM
DO NOT BORROW!!!
This is the type of irresponsible advice that got America into the position it is, where we can only manufacture credit and export jobs. Real output has been declining for two decades now, papered over by BLS's hedonic adjustments and the Dept. of Commerce's transfer pricing, which has given much too much credit to domestic manufacturers for the efficiencies achieved by their overseas outsourcers--and who harvested the benefits of those efficiencies themselves, electing not to share them with employees or customers. They couldn't do it themselves, so they had the financial services industry bedazzle American employees and consumers with the phantom equity in their 401ks and homes, while withholding real wage increases, retiree income and health benefits. America does not need another godd*mned loan. America needs a real wage increase, defined benefit retirement plans and universal health care.
Rich E
of CA
@
Apr 30, 2008 17:34:42 PM
Ways to make Fed Interest Cuts work for you
Sorry to hear the rates do not have more of an inpact on Mortgage Loans. I am at 6.125 fixed and have been for some time. Was hoping they would go lower but looks as though they are expected to possibly go higher.
I think Bernanke is a complete Idiot. Greenspan started this whole debacle and Bernanke was his protege. Where do these ding dongs come from? Why do they have so much power?
I am not certain this country will survive much longer under Bush. He has been the worst President ever.
Edward of MS @ Apr 30, 2008 22:45:11 PM
Chanelle of GA @ Apr 30, 2008 22:08:02 PM
Chanel of TX @ Apr 30, 2008 22:04:52 PM
JENNIFER of GA @ Apr 30, 2008 21:58:15 PM
jack of IA @ Apr 30, 2008 20:49:54 PM
Rich E of CA @ Apr 30, 2008 17:37:07 PM
Rich E of CA @ Apr 30, 2008 17:34:42 PM
Bill Renn of FL @ Apr 30, 2008 17:31:41 PM
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