I was listening to a financial talk show on the radio the other day; the host was going nuts over an upcoming Treasury auction where over $140 Billion in 2, 5, and 7 year notes were going to be auctioned. This would represent the most auctioned at one time ever, and would be on top of $60+ Billion in notes auctioned the week before.
This got me to thinking about how much debt was out there and ultimately where current mortgage rates were and what direction they were headed in. Here is what I found…
The State of Debt
In my search I ran across this very sobering set of statistics about who holds the most US debt… take a look at the data, and if you’re not concerned about where interest rates and inflation are heading, then you must be asleep.
Joshua Dorkin
Charles Feldman
Ted Karsch.
Would I, Could I, in a House?
by Meghan Busch | December 21, 2008With the Fed cutting the Fed Funds Rate to, er… 0 to .25% (Free money—Wee!) and mortgage interest rates and housing prices falling like St. Nick down the flue—well, not quite as quickly, and for the mortgage interest rates, not quite as steep—somebody’s gotta take advantage. Could it be me?
I’m not a homeowner. Right [...]