Mortgage rates above 7% by end of year!?

[TheBreeze]

High rates would be great for most of us Piggs as it will further depress the price of housing. Many of us have been saving for a down payment for years, so we can put down a lot which will make the effective price of the house we end up buying much lower.

I say bring on the high gas prices and the high interest rates. It will reward those of us who have saved and lived prudently.

[Bugs]

By now we should all know better than to attempt to predict timing. Except for entertainment purposes, of course.

[Bugs]

By now we should all know better than to attempt to predict timing. Except for entertainment purposes, of course.

[Bugs]

By now we should all know better than to attempt to predict timing. Except for entertainment purposes, of course.

[Bugs]

By now we should all know better than to attempt to predict timing. Except for entertainment purposes, of course.

[Bugs]

By now we should all know better than to attempt to predict timing. Except for entertainment purposes, of course.

[j]

I believe mortgage rates will be 12%+ by the end of 2009. They should be 8%+ at the end of this year, but the election will stop that. The week dollar policy has not worked. Unless Ben wants to risk being the guy who devalued the US Peso like the Mexican Peso of the 70’s, rates must go up.

Remember mortgage rates were in the mid teens in the early 80’s.

[j]

I believe mortgage rates will be 12%+ by the end of 2009. They should be 8%+ at the end of this year, but the election will stop that. The week dollar policy has not worked. Unless Ben wants to risk being the guy who devalued the US Peso like the Mexican Peso of the 70’s, rates must go up.

Remember mortgage rates were in the mid teens in the early 80’s.

[j]

I believe mortgage rates will be 12%+ by the end of 2009. They should be 8%+ at the end of this year, but the election will stop that. The week dollar policy has not worked. Unless Ben wants to risk being the guy who devalued the US Peso like the Mexican Peso of the 70’s, rates must go up.

Remember mortgage rates were in the mid teens in the early 80’s.

[j]

I believe mortgage rates will be 12%+ by the end of 2009. They should be 8%+ at the end of this year, but the election will stop that. The week dollar policy has not worked. Unless Ben wants to risk being the guy who devalued the US Peso like the Mexican Peso of the 70’s, rates must go up.

Remember mortgage rates were in the mid teens in the early 80’s.

[j]

I believe mortgage rates will be 12%+ by the end of 2009. They should be 8%+ at the end of this year, but the election will stop that. The week dollar policy has not worked. Unless Ben wants to risk being the guy who devalued the US Peso like the Mexican Peso of the 70’s, rates must go up.

Remember mortgage rates were in the mid teens in the early 80’s.

[Author]

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