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mortgage rates

#1 User is offline   Apollo81 

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Posted 2010-May-26, 09:15

Where do you think mortgage rates in the U.S. will be in 5 years? Why?
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#2 User is offline   mike777 

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Posted 2010-May-26, 09:39

mtg rates for a 30 yr fixed have hit 4.15%


how much lower can they go without massive deflation, which would mean a horrible economy?
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#3 User is offline   kenberg 

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Posted 2010-May-26, 11:04

According to my very untrustworthy memory: Sometime back in the early sixties mortgage rates went above 6%, a fact that everyone considered very shocking, the beginning of the end of the world as we knew it.

My guess is around 7% five years from now. My reason is that I have always had a fondness for the number 7. Really I have no idea. But gun to the head, I guess 7.
Ken
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