riddler 0 #1 December 14, 2005 This graphic is very telling. Over 2 full percentage points in one year. For me personally, this means my HELOC has increased $100 per month in interest since January. What's the story? Is the economy better now that it was pre-dot-crash? I know financially I'm not better off than I was 4.5 years ago. Or is the US government needing more cash to support its hobbies?Trapped on the surface of a sphere. XKCD Quote Share this post Link to post Share on other sites
kallend 1,679 #2 December 14, 2005 Quote This graphic is very telling. Over 2 full percentage points in one year. For me personally, this means my HELOC has increased $100 per month in interest since January. What's the story? Is the economy better now that it was pre-dot-crash? I know financially I'm not better off than I was 4.5 years ago. Or is the US government needing more cash to support its hobbies? Heretic! Being the largest debtor nation in history is a clear sign that the Administration's economic policies are working.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kelpdiver 2 #3 December 14, 2005 Quote This graphic is very telling. Over 2 full percentage points in one year. For me personally, this means my HELOC has increased $100 per month in interest since January. You didn't expect it to sit at 1% forever, did you? Quote Share this post Link to post Share on other sites
riddler 0 #4 December 15, 2005 QuoteYou didn't expect it to sit at 1% forever, did you? No, and I didn't expect it to increase in one year the same amount as it decreased in over three years. Besides, it was never at 1. Additionally, the real interest rates that we all pay are prime PLUS whatever the financing companies add. 4% fed = 7-8% for most end consumers. Has your salary increased by 8% this year?Trapped on the surface of a sphere. XKCD Quote Share this post Link to post Share on other sites
SpeedRacer 1 #5 December 15, 2005 weird. so why do I keep getting all these letters in my mail telling me to re-finance my mortgage, 'cause "rates have never been lower!!"? Then when I talk to a rep on the phone, and tell her the % rate I got when I refinanced back in 2003, she says, uh, well never mind. WTF is up with that? Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
bob.dino 0 #6 December 15, 2005 The USD has been weak for a long time. This correction was always going to happen. But yeah, it was a little on the quick side. Quote Share this post Link to post Share on other sites
Diezel 0 #7 December 15, 2005 They just don't want you to spend as much. That's what driving inflation. They want you to keep you money at the bank at the higher interest rate. That's all to it. It has nothing to do with thier 'hobbies'. Quote Share this post Link to post Share on other sites
JohnRich 4 #8 December 15, 2005 QuoteThis graphic is very telling. Over 2 full percentage points in one year. For me personally, this means my HELOC has increased $100 per month in interest since January. You don't know how good you've got it, sonny boy. For a little perspective, you need a longer term historical chart, like the one I've attached below. Quit your bitching, and be happy that Jimmy Carter isn't President. Quote Share this post Link to post Share on other sites
kelpdiver 2 #9 December 16, 2005 QuoteQuoteYou didn't expect it to sit at 1% forever, did you? No, and I didn't expect it to increase in one year the same amount as it decreased in over three years. Besides, it was never at 1. Your own citation shows it at 1%. And thanks, John, for finding a graphic that shows that the 'spike' we have now is still lower than it's been in decades. You do understand what happens when money is too cheap, no? You should also have known that loans based on it would go up. Quote Share this post Link to post Share on other sites
purnell 0 #10 December 16, 2005 You can add at least two more hikes to your graphic...the markets are pricing in an almost 100% certainty of another 50bps in hikes. The Fed would almost certainly like to err on the side of overshooting a neutral rate. Nonetheless, rates, especially long term rates, remain at fairly historic lows. Quote Share this post Link to post Share on other sites
rehmwa 2 #11 December 16, 2005 QuoteQuit your bitching, and be happy that Jimmy Carter isn't President. Finally a statement in SC that everybody can support. ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
JohnRich 4 #12 December 16, 2005 QuoteQuoteQuit your bitching, and be happy that Jimmy Carter isn't President. Finally a statement in SC that everybody can support. There's bound to be someone out there that thought he did a good job... I just find it extremely amusing that someone here is bitching about interest rates in the 5% range. I financed my first car at 17%, and bought my first home at 12%. Heck, 5% is heaven! Spoiled brats. Quote Share this post Link to post Share on other sites
purnell 0 #13 December 16, 2005 It's hard to concentrate on sound fiscal policy when you find yourself facing killer bunnies: http://www.newsoftheodd.com/article1021.html Ah, the good 'ole days...double digit interest rates, rampant inflation, and killer rabbits. Quote Share this post Link to post Share on other sites
Sen.Blutarsky 0 #14 December 16, 2005 QuoteAh, the good 'ole days...double digit interest rates, rampant inflation, and killer rabbits. We still have "Death to America" and "The Great Satan" with us lest we forget those days. I heard the leisure suit almost made a come back a few years ago Blutarsky 2008. No Prisoners! Quote Share this post Link to post Share on other sites
kelpdiver 2 #15 December 17, 2005 Quote There's bound to be someone out there that thought he did a good job... He did keep spending under control. A recession coupled with the oil shock might not have been the best time for such restraint. Reaganomics didn't improve the situation much until the second term. But yeah, I can't even fathom those sort of interest rates. I'd buy all the 30 years I could. I guess we're still paying for them for another few years. Quote Share this post Link to post Share on other sites
kallend 1,679 #16 December 17, 2005 QuoteQuote There's bound to be someone out there that thought he did a good job... He did keep spending under control. A recession coupled with the oil shock might not have been the best time for such restraint. Reaganomics didn't improve the situation much until the second term. But yeah, I can't even fathom those sort of interest rates. I'd buy all the 30 years I could. I guess we're still paying for them for another few years. Ah, Reagan. USA took 200 years to go the first $1 Trillion in debt, then Reagan added another $ Trillion in 3 years.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites