Dale:

First of all --- the LOW INTEREST RATES you keep hearing about are the SHORT TERM LENDING RATES that the PRIVATELY OWNED FEDERAL RESERVE charges member banks --- this rate is currently at 1% and it is an interest rate YOU WILL NEVER SEE!!

Presently, mortage rates have been GOING UP and NOT down as you have been lead to falsely believe. The reason why they have been GOING UP is because the sale of TREASURY BILLS have forced the rates back up. Just in the last two weeks alone, the interest rate for mortgages has been raised by 1%.

Dale --- if you recall --- my first job out of college was that of an INVESTMENT BANKER. I know this subject very well.

However, the three types of interest rates that DO AFFECT YOU are:

01) Home Mortgage (compounded interest)

02) High Interest Credit Cards (compounded interest)

03) Interest earned on your money (SIMPLE interest)

NOTE: Compounded interest is compounded DAILY, and SIMPLE interest is compounded ONCE A MONTH! This is why what you PAY is so much more than WHAT YOU EARN!

As for falling interest rates --- it is but another sham played on you by these numerical magicians --- what you BELIEVE you are paying JUST ISN'T SO --- by the time all the compounding is added --- that 6% home mortgage suddenly becomes 150% to 175% INTEREST --- this is what you are REALLY PAYING!

As for YOUR BELIEF of what you are paying --- the bankers pay top dollar to get you to believe a lie.

Dale --- I assume that you own your own home. Well, here is the way to PROVE MY POINT:

01) What is the interest rate on your mortgage? (Seven percent or more?)

02) How much did you pay for your house? (Most likely $100,000 to $150,000 area --- less if you purchased years ago.)

03) What is your monthly mortgage payment? (Most likely in the $600 to $1,000 per month range.)

04) Multiply the value of ONE MONTH'S PAYMENT times 360 --- which is the number of months in THIRTY YEARS. This is the most common duration of all the available types of home mortgages.

05) The number of the TRUE COST of your house will end up far above the number you BELIEVE IT IS!!

Typing INTEREST RATES into GOOGLE is meaningless --- as GOOGLE is not a bank, nor do they control or post interest rates.

But, I do not fault you for not knowing this kind of TRUTH --- as it is not taught in the BABYSITTING SYSTEMS we call SCHOOLS.

Dale --- if you send me your snail mail address --- I will send you a book that will explain everything you need to know about this --- FREE OF CHARGE!

My e-mail address is:

My DBIS screen name @ adelphia.net = KDB's e-mail address

As I am seriously trying to OPEN PEOPLE'S EYES TO THE REAL TRUTH --- I will send you a packet of the P n' P Educational Materials. The matter of money and the FEDERAL RESERVE is certainly one of the topics covered in these materials.

Send me an address, and I will have in tomorrow's mail.

P n' P = KDB