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How low can mortgage rates go? The 30 year fixed is in the low 2's in Japan


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2012 Dec 6, 3:26pm   2,750 views  1 comment

by murakami   ➕follow (0)   💰tip   ignore  

http://housingloan.jp/?source=Patrick.net

I keep hearing that "US interest rates can't go much lower." really? Was just in Japan and a friend told me he'd just refi'd his house at 2.1% for a 30 year fixed.

I checked and yep, rates are really that low. (Top right corner.)

So unless "the dam breaks" we can expect US interest rates to continue to fall, right? Or not?

#housing

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1   Tenpoundbass   2012 Dec 6, 9:52pm  

Wasn't it bellow 1 at one point in the late 80's or early 90's?

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