How high can the Libor rate adjust upward under nearly everyone's ARM mortgages raising their payments? - libor rating
The interest rate does not change, but the premium increased to $ 600 anyway, because up to this month Libor how bad it is?
Saturday, February 13, 2010
Libor Rating How High Can The Libor Rate Adjust Upward Under Nearly Everyone's ARM Mortgages Raising Their Payments?
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can go to read the maximum mortgage note
Much worse than some piddly amount. It is entirely possible that a rate such as LIBOR, etc. Sibor, rose to 10% or more in a month (in the early stages of collapse, then astronomical). It is rarely - an event, "Black Swan" - but occurs in situations of historical guilt and the turmoil in financial markets. See Zimbabwe. Weimar, Germany. Wherever Govt debt, print money, the depreciation of the currency and the destruction.
This is what we in the U.S. - now the most extreme debt in history, totaling over 120 billion U.S. dollars in government bonds, over 12 billion U.S. dollars debt (deficit annual budget only), plus a balance pressure from the government. BO has spent or committed to spend more than a year of total GDP doubled since its opening more than a year ago, the total debt of the United States (55 billion U.S. dollars to 120 billion U.S. dollars). The dollar has nowhere to go, but the septic system (which is already in the bathroom), and interest rates have nowhere to go, but in spite of BO & Company and more desperate maneuvers and manipulation.
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