Comments on: WaMu offers 5% on CDs with hand-lettered sign http://polizeros.com/2008/08/31/wamu-offers-5-on-cds-with-hand-lettered-sign/ Musings on politics: anti-war, global warming, peak oil and otherwise Thu, 08 Jan 2009 08:24:26 +0000 http://wordpress.org/?v=2.7 hourly 1 By: DJ http://polizeros.com/2008/08/31/wamu-offers-5-on-cds-with-hand-lettered-sign/comment-page-1/#comment-155064 DJ Mon, 01 Sep 2008 14:42:31 +0000 http://polizeros.com/?p=12580#comment-155064 A 30-year fixed-rate mortgage currently runs 6.29%. A 10/1 ARM or an FHA 30-year fixed runs 6.5%. Jumbos (i.e. any mortgage in SoCal) will be higher. They've got to HAVE money to LOAN money, and despite the Fed's disconnect from reality that's what loaned money costs. I say this despite the fact that I own Puts on Wamu. A 30-year fixed-rate mortgage currently runs 6.29%. A 10/1 ARM or an FHA 30-year fixed runs 6.5%. Jumbos (i.e. any mortgage in SoCal) will be higher. They’ve got to HAVE money to LOAN money, and despite the Fed’s disconnect from reality that’s what loaned money costs.

I say this despite the fact that I own Puts on Wamu.

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