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Morning Briefing: Apartments, condos market steady say builders

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Mortgage Professional America | 20 Nov 2015, 05:57 AM Agree 0
Apartments, condos market steady say builders… Mortgage rates hold steady following Fed… Higher mortgage rates could be a good thing for first-time buyers…
  • Anonymous | | 20 Nov 2015, 08:55 AM Agree 0
    How are higher rates good for ANY homeowner? House prices don't automatically come down just because the Fed gets reckless and stupidly raises rates. That entire notion of trickle down is moronic. Furthermore, if it indeed benefits the first time buyer then it is harming the significantly larger demographic of established home owners. My goodness, where on Earth are these economists coming from? Clown college? Is this the End Times? It must be close, because the garbage being spewed by the Fed and all of these ahem, "economists" is off the wall crazy.
  • Real Estate Broker - GA | | 20 Nov 2015, 09:37 AM Agree 0
    What a crock this is. Rates going up will only help the big banks make more of our money and will push prices even higher. First time buyers will eventually get choked out of affordability as rates increase as this will only add to their monthly payment.
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