Relevant:
- Where did all the real estate inventory go? -- Orange County inventory down 29 percent over the last year and sales are up 25 percent. What is causing the current market dynamic in Orange County?
- The double-edged sword of low interest rates
- Review: Why Can't Something Be Done About Our Broken Home Mortgage System?
- http://www.realestaterama.com/2009/09/29/federal-housing-finance-agency-reports-mortgage-interest-rates-8-ID06042.html
- How low will mortgage rates go?
2012-05-23 — doctorhousingbubble.com
People suffer from a sort of amnesia when it comes to the economy. For example, the low mortgage rates are now used as the major reason to buy in spite of weak employment reports, major budget deficits, and lower incomes for younger Americans. In other words, the major reason to buy today is the low interest rate. But even 10 years ago, the 30 year fixed rate mortgage was at 7 percent or nearly twice as high as the current rate. The entire housing market is being held up by a string and that string is the artificially low rates. Yet what is not being reported is more important
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