Mortgage Costco
Buy Now Bullion – 7 Reasons important to invest in Silver and Gold Bullion
Apparently, the recent action in financial markets, that all is well in the world once again. The price of crude oil has now plunged 20 percent from its recent high of 145 dollars a barrel. Stocks are rallying. The dollar has strengthened.
Experts say now that the real estate market has hit bottom. The commodities bubble has burst. Oil is on its way down to $ 100 a barrel. And soon, the credit crisis throughout the year, the housing crisis and economic slowdown will be just a bad memory. The future is so bright that you gotta wear shades, right?
Not so fast.
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Before you rush out and trade your precious title = "silver bullion and gold"> silver and gold bullion for impairment of dollars of paper, the fly rose-colored glasses and examine the real facts behind the hype. Here are seven good reasons to invest in silver and gold bullion:
1. The weak economy does not improve
Retail sales for the month of July were disappointing. Wal-Mart 3% same-store sales growth came in below expectations. Yes, the results of Costco were the only bright spot – up 10%. However, when you dive into the details, you will discover that the reason for the strong growth was the increase in gasoline sales. Return on these figures, and sales rose only 6% below consensus estimates!
Particular weakness were the results of retail sale of adolescence. This does not bode well for back to school sales in August. Like many children will return to school wearing costumes from last year!
2. The employment situation is grim
Benefit claims Unemployment stood at 455,000. This represents an increase of 448,000 the previous week. Search this figure rises as job cuts by U.S. employers soared last month.
Layoff announcements are up 141% year over year, according to the office of a private placement, Challenger, Gray and Christmas, Inc. is above the dark figures of unemployment news reported by the Labor Department last week. Economy U.S. has lost jobs for seven consecutive months and the unemployment rate is at a high level in four years.
3. Financial markets are still unstable
Freddie and Fannie are red. Both Freddie Mac mortgage giants Fannie Mae and missed earnings estimates by a wide margin, reported huge losses and reduced dividends.
If this were not enough, Freddie Mac now has a net position negative. Translation: the shareholder would receive nothing if Freddie were to pay all its debts and sell assets. Fannie Mae CEO predicts 'significant' losses in 2009 and will no longer buy Alt-A mortgages by year's end. These results increase the likelihood of horrible a government bailout great.
4. The housing market has not Bottomed
Mortgage defaults worsen. Loans mortgages that were issued during the first half of 2007 now have a delinquency rate of 0.91%. The delinquency rate for 2006 was 0.33% mortgages. These are mortgages, people.
It was estimated that 65% of subprime loans issued in 2007 will end in default. These figures suggest that foreclosures will remain at record levels.
5. Inflation is worse than it appears
The monster is alive and well in inflation. The price index (CPI) was up 5% in June It is the largest of a year since 1991. This statistic is even worse than it appears.
During the Reagan and Clinton administrations is, how inflation was measured was changed to lower the official rate. If you calculate the CPI the same way it was calculated in 1980 you would have to add 7% that the number is published. This would mean that the actual rate of inflation is 12%. No wonder the average guy the street is wrong!
Investors are betting that the fall in oil prices will tame the inflation monster. However, even with oil prices these corrections are still up 61 percent from where they were a year ago.
6. The Fed will rise not interest rates to fight inflation
The Federal Reserve is stuck between a rock and a hard place. As expected, Federal Reserve held its fed funds target rate of 2%. The accompanying statement also reflects a rather pacifist. "Downside risk decreased and inflation expectations have risen "The sentence of the declaration in June 25th nowhere to be found.
The Fed funds futures are keeping prices within a single 52% chance of higher interest rates over the next two FOMC meetings. It's a fall from a prediction that was as high as 80 percent last week! Pimco's Bill Gross Chief Executive said that discussions increases rates are "comical"
"We're in a recession. When the Fed raised interest rates ever in a recession? "He said." Unemployment is directed to 6 percent, mortgage rates on home buyers are at 7 percent, and these guys want to raise rates? "
7. Global tensions are high
Georgia's offensive movement is risky. War broke out Thursday in the area of importance Georgia's strategic control of South Ossetia. The price of oil seemed to take the situation in stride, doing absolutely nothing at all. At the risk, however, is an international pipeline runsclose by, not to mention the possibility of the conflict setting off a wider war.
Gold and money are now at their lowest level in six weeks, giving investors the opportunity to buy. If you are still not convinced that you should invest in precious metals, remember this:
History has provided many examples of paper money whose value has been destroyed. But gold and silver have survived the war, inflation, deflation, recession and depression. Silver and gold bullion are truly a refuge for those smart enough to realize their true value.
About the Author
There’s no reason you should be losing sleep over the security of your money. You can protect your hard-earned savings from bank failures, financial catastrophes, and the devastating effects of high inflation with pure silver and gold bullion coins. Visit us now at: http://BullionBargains.us
How does the credit score of spouse affect mortgage loan rates?
I wish to buy a house with my wife as a co-borrower. Both are working. I have a good credit score. My wife has no credit card yet, never had it. So no credit history. What options do I have.
(a) We apply for a loan together, with my wife with no credit history
(b) My wife first gets a credit card through my credit card bank as an authorized user.
(c) My wife gets a card through my credit card bank as an independent credit user.
(d) My wife gets an american express/costco card.
(e) any other option
In above cases, how long would we have to wait for applying a loan to ensure that our scores are OK to get best loan rates.
We have no joint credit card accounts. My spouse does not have an alternate credit, except her salary based saving and checking bank account. Our
Rental and utility bills/accounts are all in my name.
If she has no credit accounts then there should be no problem as she has no negative affect. As long as your credit history is fine, then you should have no problems.
The only time they would turn people down is if both parties had low credit scores or not enough credit history.
The most important aspect is your combined financial statement (how much you both owe and how much you both have (assets, cash, etc.). They will use this to determine the risk factor along with the amount you are looking to finance and the amount you have to put down.
A mortgage is far different then credit card or other unsecured debts and they will take not just your credit scores into consideration, but other factors as well. The fact that the home will be the collateral this is considered a secured loan.
Hope this helps answer your question
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