Thursday, February 09, 2012
1. Unbelievable: The big banks are becoming desperate to avoid foreclosures
 
2. Home mortgage rates just hit an astonishing new low
 
3. How the Fannie and Freddie mortgage boondoggle actually works
 
1. Richard Russell: This could be 2012's "market moving" event
 
2. Porter Stansberry: These facts show the "End of America" is coming
 
3. New report reveals Federal Reserve president owns millions in gold and platinum
 
4. Military insider: The Pentagon is lying about Afghanistan
 
5. This morning's "fantastic" jobs report is hiding some shocking news
 
Huge mortgage rate problem developing... rates surge to highest level since February
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Friday, May 29, 2009
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By Daily Crux Editor Brian Hunt:

One of the government's biggest nightmares is coming true. Mortgage rates are shooting higher. As the WSJ reports:

The average rate for 30-year fixed-rate loans jumped to 5.44% on Thursday, the highest level since early February, according to a survey by HSH Associates, a financial publisher. That was up from 5.29% Wednesday and 5.03% Tuesday.

Higher mortgage rates will suffocate housing activity... which will suffocate the economy... which will make hash out of Obama's socialist economic plans... which will result in more money printing. Make sure you own plenty of gold...

Read full article...

More on the dangerous interest rate situation:

Obama tells nation "We are out of money"

U.S. Treasury bonds suffer massive selloff

Warren Buffett says get ready for inflation...

Investment legend Marc Faber "100% sure that the U.S. will go into hyper inflation"

Topics: Mortgages | Real Estate
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