Page 22 - Borrowing Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jon: so if somebody's bricking in $10,000 a month, for instance, they are not allowed under these new regs to spend more than $4300 a month on their mortgage? >> actually, it's not just mortgage. it's debt. jon: oh, debt total? >> all your debt. of course, most financial experts say whatever you're paying whether it's a mortgage or rent should be one-quarter of a month. in other words, one week's worth of work should be able to cover that. but this is all your debt, and most financial experts think if your debt to income ratio, gross now, if it's over 40%, you're already in trouble to begin wi...

There is that a credit downgrading would make it much more expensive for us to borrow to finance our current debt, which is of course, substantial. for years we've been borrowing at rates that are historically very, very low. now that could change. but i will remind you, the last time there was a debt downgrade, as i said earlier. it didn't affect our borrowing rates at all. >> we'll just have to pay more? >> absolutely. that would be one scenario where interest rates would go up. but nobody is going to just stop lending to us. last time this happened, in fact interest rates went down. so ther...

the scorched earth partisan politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn't act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our home-grown storm has a bigger chance of causing a hurricane here than the actual hurricane that's blowing our way from europe. i've been berating congress on this show to pass legislation now to head off a series of tax increases and spending cuts mandated to take effect on january 1st. because cong...

politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn't act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our homegrown storm has a bigger chance of causing a hurricane here than the actual hurricane that's blowing our way from europe. now i've been bee rat berating on this show to head off a series of tax increases and spending cuts mandated to take effect on january 1st. congress couldn't come up with a better deal to raise the nati...

and mitt romney standing his ground refuse to go release more taxes, calls reach a deafening pitch. today he gave another reason why he shouldn't have to. and an exclusive investigation into the risks of off-shore drilling. we went outfront to the arctic. shell has a plan to prevent the disaster like the one that happened to bp and the deepwater horizon. does it add up? let's go "outfront." "outfront" tonight, ben bernanke says no to the addicts. addicts that are desperate for another hit of the fed's drugs. today in hearings on capitol hill, america's top banker, the chief of th...