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August 25, 2006
Getting Real About The Real Estate Bubble
A realtor's view on mortgage rates and the real estate bubble.
The rub is that prices rose far more than could ever be justified by declining mortgage rates. That’s where the bubble kicked in. Today’s relatively low rates are not, and never were, a reason why prices would keep rising. Once real rates drop and stabilize, the impetus goes away - again, the gain is a one-time, not a recurring, phenomenon.
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Posted on August 25, 2006 09:40 AM by Mortga80.
Filed in Mortgage Calculator under mortgage rates.
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