The Weblog of Trenton & Nichole Adams

31May/092

Interest rates to sky rocket?

Update: Lindsey Williams was out to lunch.

I had a dream mid April.  In the dream, I saw the interest rates surpass 10%.  I think it's important that if you are in a mortgage right now, to lock in.  It even makes natural sense at this time to lock in, irrespective of whether the dream I had was from God or not, as the interest rates are at the lowest they have been in a very long time.  There is really only one direction they can go now!

I also believe this very well may be related to what Lindsey Williams was saying about something happening in the next 60-90 days (as of April 9th) that would cause people to loose their homes.

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  1. It’s kind of interesting (pun intended), the rates started going up just days after I posted this, even though the Canada prime rate has remained the same.

    I really believe what is happening is that they are going to raise the fixed rate mortgage rates, to get people to go into the low variable rates. This will happen because the fixed rates will not be desirable, being so high. Then, when they get enough people in those, they will push the prime rates up to 10+%. That will cause many people to lose their homes. It really is starting to look like it’s totally being controlled. Let’s watch and see.

    Check this out

    http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx
    Mortgage rates have soared to their highest this year. Refinancers have slammed on the brakes because of the abrupt rise, and borrowers soon might shift into adjustable-rate mortgages.

  2. So, Lindsey Williams was out to lunch.


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