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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: J. P. who wrote (8053)1/11/2003 12:04:33 PM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
Everyone is so worried about saving 200 bucks a month on the mortgage payment, but they have no problem paying 300K in interest.

the flip side is that the 300K price becomes very vulnerable when interest rates eventually rise. even 8% mortgages could now devastate the housing market (and hence the consumer). it is unfortunate that lenders relaxed standards even as rates were going down.