Is the era of low mortgages over?

Asked by Yaniv Waknin, Jackson, NJ Tue Aug 6, 2013

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Deborah Madey’s answer
Deborah Madey, Agent, Brick, NJ
Tue Aug 6, 2013
Money is still very cheap. Hundreds of thousands of properties were purchased at double digit rates over the last few decades. The window of the ultra cheap money is closing, though.
0 votes
thinz, Agent, Allenhurst, NJ
Fri Oct 2, 2015
As long as the fed does not raise interest rates from 0% - .05%, banks can still make money above 3% and are Why do banks and credit unions offer 1.5% rates on CDs??? Because they are still making money, and spending your CD deposit for further money growth and lending to others!
Tom Hinz http://www.shortsaletosell.com
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Tue Aug 6, 2013
You know back in 1987 they asked that same question when rates were around 5-6% and then went to 16-18%. See where they are now? It's a cycle and it continues.
0 votes
Ron Thomas, Agent, Fresno, CA
Tue Aug 6, 2013
Your opinion is as good as mine:
I say YES,
for the simple reason that the Banks are not making any money at 3.75%.
0 votes
If the banks are not making any money why are they giving out any loans. The banks are making a ton of money no matter what the interest rates are.
Flag Wed Aug 7, 2013
Suz A, Agent, Longmont, CO
Tue Aug 6, 2013
Picture a large boat leaving the dock. The ship is about to sail.

The president would like more folks to be able to refinance before rates to higher. We'll see on that one.

As long as job growth remains anemic, rates are not likely to fly up (again). But who really knows? One man - and he may not be there much longer at the Fed. So, the boat picture is a murky one.
0 votes
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