MORTGAGE COSTS SET TO SOAR IN 2014

- More Headwinds for U.S. Housing Market. Mortgage costs for borrowers without big down payments and with less-than-perfect credit scores are set to rise next spring as Fannie Mae and Freddie Mac prepare to boost fees they charge mortgage lenders.
- Fannie Mae and Freddie Mac Set to Boost Fees in March 2014. According to the WSJ, buyers with a credit score of 735 making a 10% down payment will pay fees totaling 2% of the loan amount, up from 0.75% right now. For borrowers making a 10% down payment with credit scores of 750, fees will increase to 1.5% from 0.5%; and for those loans with a borrower credit score of 775, the upfront fee will rise to 1% from 0.5%. Even borrowers with big down payments could see higher fees. For those with a 690 credit score and a whopping 25% down payment, fees will jump to 2.25% of the loan amount, from 1.5%.
- Time to Buy Investment Properties. With America increasingly turning into a “renter nation,” and with mortgage rates nowhere to go but up, now is a good time to scoop up cheap rental properties before the rules become even more strict.
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Inside this Issue

“Profiting From the Coming Paper Money Collapse”The December FOMC meeting has concluded and the policy announcement has been issued: The Fed has decided to slightly scale back its gargantuan monthly bond-purchases by $10 billion per month.
The price of the digital currency dropped from a high of $750 on Tuesday to a low of $455 on Wednesday morning.
The Bank of England attempts to stay one step ahead of their counterpart counterfeiters…
“They may do some cosmetic adjustments, but in my view, within a few years, the asset purchases will be substantially higher than they are today.”
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U.S. Financial MarketsReal-time Gold and Silver Prices
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Precious Metals Market Update with Tom Cloud
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“World News Headlines That We Are Tracking”Iran wants to continue talks after angrily protesting U.S. sanctions last week.
73-year-old map shows what the world looked like from the view of Standard Oil.
Only 47% of those polled view clergy members favorably.

“Archiving the Rise of Big Brother and the Fall of the Republic”
Facebook spokesman: “This is something we looked at to understand to what extent people self censor…”
Thanks to a legal precedent from 1979…
German chancellor furious after revelations US intelligence agency listened in on her personal mobile phone.
An Indian diplomat said she faced repeated “handcuffing, stripping and cavity searches” following her arrest in New York City on visa fraud charges in a case that has infuriated the government in New Delhi.
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Topic: While gold is down 25% in 2013, our P.A.C.E. Portfolio, which includes gold and silver, is up 16%, testifying to the power of diversification.
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“A Daily Dose of Financial Wisdom from God’s Word”
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Proverbs 15:22
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