30 year below 3

[moneymaker]

Who would have thunk it, 30 year below 3%, refi! refi! refi! Coming soon!

[earlyretirement]

Where are you seeing 30 year fixed under 3%?

[livinincali]

Japan got down to 2.5%, of course that really didn’t help their home prices much.

[moneymaker]

Sorry I should have added 30 “T-bills”.

[The-Shoveler]

Japans housing bubble made ours look like mini-me.

At one point the palace grounds were valued by some as more than the value of all the real estate in the state of California.

IMO they never even tried to create inflation as well so a different situation, not the same today however.

[earlyretirement]

[quote=moneymaker]Sorry I should have added 30 “T-bills”.[/quote]

Ah..Ok..got it. I’ve been out of the country a few weeks and just got back. Yeah, it is amazing but I can’t wait until interest rates go back up. This has been PAINFUL for us savers….

[moneymaker]

Ok now 30 year treasury @ 2.85%

[SK in CV]

[quote=moneymaker]Ok now 30 year treasury @ 2.85%[/quote]

It was below 2.5% last summer.

[CA renter]

[quote=earlyretirement][quote=moneymaker]Sorry I should have added 30 “T-bills”.[/quote]

Ah..Ok..got it. I’ve been out of the country a few weeks and just got back. Yeah, it is amazing but I can’t wait until interest rates go back up. This has been PAINFUL for us savers….[/quote]

Very painful, and has been for a long, long time. 🙁

[Author]

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