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Bottom of market is artificially 20% too high

Started by looking2return
about 16 years ago
Posts: 182
Member since: Jan 2009
Discussion about
Back at market peak in 2007, mortgage rates were in the 6.5%-7% range. Now rates are in the 5% range. This results in a difference of about 20% in terms of monthly mortgage payment translating to about the same in prices.
Response by alanhart
about 16 years ago
Posts: 12397
Member since: Feb 2007

Pay no attention to the man behind the curtain, folks. Please disregard the previous post.

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