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US Loses AAA Rating

US Loses AAA Rating

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Old 08-09-2011, 09:09 AM   #16
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I've been wondering: can mortgage companies raise mortgage rates on fixed-rate mortgages? If so... that just seems wrong.

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Old 08-09-2011, 11:43 AM   #17
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Quote:
Originally Posted by meatfinger
I've been wondering: can mortgage companies raise mortgage rates on fixed-rate mortgages? If so... that just seems wrong.
I don't think so. Those are locked in... At least until you renegotiate every 5 years.
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Old 08-10-2011, 06:22 PM   #18
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Originally Posted by normajean777 View Post
His FB had these numbers today:

If the US Government were a family & their household income was $55,000 per year, they’d actually be spending $96,500—$41,500 more than they made! That means they’re spending 175% of their annual income! So, in 2011 they’d add $41,500 of debt to their current credit card debt of $366,000! - Dave Ramsey
And yet it's still not as bad as it was under Reagan / Bush Sr:
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