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So I Pulled Bernanke's Mortgage...

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BEHIND BERNANKE'S MORTGAGE TERMS
Effective Demand digs into the details of Bernanke's mortgage: "Bernanke bought in May 2004 for $839,000. He had a 5/1 ARM for $671,200 at 4.125% that adjusted to 12 month Libor in June of each year after his fixed period ended. To calculate his rate you take 12 month Libor on that date and add 2.250%, it can't adjust more than 2% in any one year due to restrictions on the note."

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Based on his actions I think Bernanke does not expect rates to get better than this at the very least."
SOURCE:   Effective Demand

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