The Next Mortgage crisis 2010 is coming

What do you want of Mortgage Interest Rates Today ?.

The gross domestic goods grew in the third quarter at a 2.8% rate, the first increase in any quarters.

Mortgage Interest Rates Today

The foremost Economic Indicator (Lei), published by the consulation Board, increased at a rate of 4.2% in October. This was the seventh month in a row that there has been an increase. These Lei numbers give a good indication that the economy will continue to grow.

Federal withhold Chairman Ben Bernanke proudly asserts that the worst is behind us thanks to his wise manipulation of the economy. It's enchanting that Bernanke and the Fed feel they can bring us out of the stepping back when they had no clue that their low interest rates and very stimulative policies were a major factor in putting us in a stepping back by causing the housing real estate bubble.

When the housing real estate bubble burst, the Fed had no idea just how severe the crisis was. Bernanke assured every person that the housing shop disturbance was contained and would not be a question going forward. He later claimed that the losses from the housing shop issue would be less than 0 billion. Total losses far exceeded that amount. Unfortunately, many habitancy followed his guidance and had major losses in their stock shop portfolio.

The federal government bank stress tests were ended earlier this year. Bernanke assured us all by saying that "most U.S. Banking organizations currently have capital levels well in excess of the amounts required to be well capitalized." But as of today, banks continue to hold onto the money given to them by the federal government and aren't willing to loan it out.

How can we trust the Fed and Bernanke to lead us out of this stepping back when they have such a horrible track record? Bernanke feels that his policies can operate the financial markets. Bernanke feels that he is smarter than the market. He is not willing to trust the natural economic troops to help solve our problems. History shows that he is wrong.

If the economy is improving, as Bernanke says, why is the Fed keeping interest rates near zero and maintaining such accommodative policies?

We have moved beyond the United States sub-prime mortgage crisis 2009. The period in the middle of September - December, 2009, is the bottom point of the mortgage resets. Therefore, the housing shop and foreclosure question should be enhancing today, just like it is.

But an additional one mortgage crisis is soon coming. In the second quarter of 2010 through the fourth quarter of 2011, there will be a necessary whole of mortgage rate resets in Alt-A and Option-Arm mortgages. Most of these mortgages were established while the peak years of the housing real estate bubble. As a result, these mortgages now have an very high loan to value ratio and will added aggravate the foreclosure problem.

This new foreclosure question will cause added writedowns on the books of U.S. Banks. This is the presume that the Fed and Bernanke are keeping such accommodative policies. They are very well aware that the next mortgage crisis 2010 will cause major problems for the banks. Most Americans are completely unaware that this event is on the horizon.

A strong economic saving is foremost to many corporate professionals. Some have lost jobs, and a strong saving will help them find employment. Others are feeling job insecurity and hope that a saving will enhance the financial photo for their companies.

President Obama feels that all of his stimulative policies have had a mighty impact on the economy. Although he remains cautiously optimistic, he feels that the economy will continue to grow. The statements made by the Federal withhold indicate their trust that their policies have worked.

I hope that what they are saying is correct. But I feel that we still have major problems to overcome. Because of our very uncertain economy, I recommend that employees set up a job backup plan that can safe them in the case of loss of revenue of a family member. The internet marketing manufactures is a stepping back proof alternative that needs to be considered.