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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Dan3 who wrote (78463)2/4/2007 6:24:42 PM
From: bart13  Read Replies (2) | Respond to of 110194
 

We're probably looking at something more like what happened from 1977 to 1981 when the 10 year note (best proxy for mortgage rates) went from 7.5 to 14%.


True... if we get someone like Volcker and also some political cojones in D.C., etc.



To: Dan3 who wrote (78463)2/4/2007 10:11:07 PM
From: Oblivious  Read Replies (3) | Respond to of 110194
 
You're predicting a 15.5% mortgage rate? Get serious!



To: Dan3 who wrote (78463)2/5/2007 10:31:58 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
It is amazing how real estate went up even with interest rates doubling in that period. Starting from cheap valuations with high inflation spread across the board from wages to costs of construction sure helped.. This dynamic might repeat itself in many RE markets in the heartland. No way the bloated coastal bubble markets already factoring in the coming 1970's redux get a free ride this time.