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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (169047)12/4/2008 3:10:30 PM
From: tejekRead Replies (1) of 306849
 
I don't think rates are all that crucial at the moment. Jobs are, income is. Even with low rates, loan standards remain (appropriately) tight. And incomes are falling. And we have a huge backlog of existing homes, foreclosures, etc. All in all, any nice bounce in homies here should be shorted, not yet but soon.

What low rates will do is encourage people to refi.....eventually that money will get back into the economy.
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