Second Mortgage Calculator
Kitco - Contributed Commentaries - Richard Daughty
- It was truly cacophonous inside the Mogambo Fortified Bunker Of Pure Fear And Panic (MFBOPFAP), as alarm bells and buzzers and klaxons and horns were all making a hell of a din, adding to the piercing sound of my own screaming. Why? It was last week's $11.5 billion increase in Total Fed Credit by the Federal Reserve last week.
It was only a couple of months ago that Ben Bernanke, chairman of the Federal Reserve, confided to CNBC's Maria Bartiromo that "it's worrisome that people would look at me as dovish and not necessarily an aggressive inflation-fighter." Hahaha! Now we know why people look at him as dovish on inflation! $11.5 billion of brand-new credit in one week! Pure, excessive monetary inflation, which always precedes, and causes, price inflation! And the unholy Fed is absolutely going bananas with accommodating the repo market.
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Rising mortgage rates - and how to mitigate them
Just like petrol prices, mortgage rates are rising dramatically, and right when a disproportionate number of loans are up for re-fixing. interest.co.nz looks at why this is happening now, and what mortgage consumers can do to mitigate these rising costs.
interest.co.nz has today launched its new and powerful mortgage calculator, designed to help people with the classic mortgage problem – how to decide what is the best option when a fixed-term rate contract is up for rollover. See http://www.interest.co.nz/calculator
It has been a little over two years since the outbreak of the so-called 'mortgage war' where BNZ withdrew from working with brokers, and claimed to be able to pass the resulting savings on directly to homeowners.
It took a few months for the other banks to react but since then, consumers have benefited from fixed mortgage rates that have been lower than they would otherwise have been.