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Low rates?....Humbug.....we wants zero rates like the banks have been getting from the Fed for years and years now. Where is the 'Fairness' preached by the white house?
Can't understand why - I saw a commercial today that assured me that NOW is the time to buy.
Meanwhile, new shack sales increased by nearly the same number, so it's a wash: people bought new instead of used.
http://investmentresearchdynamics.com/august-existing-home-sales-tank-despite-lowest-mortgage-rates-in-year/#comments
#housing