|
|
|
||||||||
| Portal | PhotoPost Gallery | Register | Blogs | FAQ | Members List | Calendar | Search | Today's Posts | Mark Forums Read |
 |
|
|
Thread Tools | Display Modes |
|
|
|
#1
09-29-2008, 10:40 PM
|
|||||
|
|||||
I remember...
I had a good friend in the States who worked for MLynch, and when the stocks plummeted after 9/11, they had people actually jumping out of windows. (One was a guy she worked with, but there were several others.)
How bad would it really have to be in order to warrant something like that?
__________________
One of the greatest pleasures in life is doing what people say you can't do.
 Michelle
|
|
#2
09-29-2008, 11:16 PM
|
||||
|
||||
|
no need to worry
I am in the industry and not many of my clients havent been calling...I've been sending out emails and phone calls like crazy and they've seen it before and all know things will get better...Mite be worse at first but we will prevail...
9% mortgage?? Not sure where you are getting that from... http://www.tdcanadatrust.com/mortgages/numbers.jsp All I see is 6.14% special with 7.20% posted rate no discount...Unless they are talking about tomorrow which seems like quite a big jump...When I was lending, I've never seen that big a jump...
__________________
 650G Mixed, 5 - Lumenarc 250w 10K, 4 - Tunze Turbelle 6101 w/7095, BK 250 External 650# - Tonga LR, 49 sps, 9 lps, 4 softies, 10 mush/zoas, 1 clam Blonde Naso, Sohal, 2 Yellow Tangs, Juv Emperor, CBB, Achilles, Kole, Solar Fairy Wrasse, paired pencil Wrasse, Cleaner Wrasse, Blue lined rabbit Fish, 8 clowns, lawnmower blenny, mandarin dragonet, sand sifting goby, abalone, tux urchin, black spiny urchin, 4 cleaner shrimp, 1 fire shrimp, 150+ snails/crabs/conches
|
|
#3
09-29-2008, 11:39 PM
|
|||||
|
|||||
|
I got that number from a Financial Post article this afternoon.
|
|
#5
09-29-2008, 11:58 PM
|
||||
|
||||
|
I've worked in the financial industry for 14 years and have been a lender for the past 10 and have never seen a rate jump from current posted rates at approx 6.85% for a 5 yr fixed term up to 9% - also these are posted rates, negotiated rates are much lower then what the posted rates actually are. FYI for every 10 articles you read that claim rates are going up, you'll find another 10 claiming the rates to go down.
Truely is unfornunate whats happening in the states and with Merrill Lynch I think a few more banks and firms will probably go under as well when all of the dust sets. If anyone has any questions regarding their mtg or anything along those lines I would be more then happy if you want to shoot me a PM and I will respond.
|
|
#6
09-30-2008, 12:53 AM
|
|||||
|
|||||
|
It can get worse my 1st house I bought I got 14% over 3 years and I thought I was doing good
 ..Houses were dime a dozen cause people got in when the interest was low when it went up they were so tapped they couldn't afford them anymore and was trying to sell them off. I'm waiting for it to happen again ...then I can become the slum lord of e-town 
__________________
Murray I reserve the right to hijack any thread I want to!! My carbon footprint is bigger than your carbon footprint !!!!
|
|
#7
09-30-2008, 12:59 AM
|
|||||
|
|||||
|
Lol Murray!
|
|
#8
09-30-2008, 01:03 AM
|
|||||
|
|||||
|
So...uh, what's this all mean anyway? I don't get it.
I don't watch tv, read news, or anything like that. I'm pretty out of the loop. In fact this is the first I've heard about this attempted bailout! 
|
|
| Thread Tools | |
| Display Modes | |
|
|
Hybrid Mode
