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Mortgage Rates Up when Key Rate Tanking

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    Mortgage Rates Up when Key Rate Tanking

    Guess what, there’s a lot of risk premium required when basic homes are $375,000 and up.(And no jobs in site.)
    Last edited by sumdumguy; Mar 28, 2020, 07:05.

    #2
    Originally posted by sumdumguy View Post
    Guess what, there’s a lot of risk premium required when basic homes are $375,000 and up.(And no jobs in site.)
    Interesting....land has the ability to earn revenue without selling it....Homes do not...

    Interest at FCC with the latest 5 billion funding should be 1.5 percent....

    Considering that business is getting 40000 interest free and a 30000 repay amount. ...

    Imagine if farmers could take out a 100000 cash advance and only have to pay back 75000

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      #3
      If the government mandates a mortgage holiday, who's going to lend you anything unless at an elevated rate of interest? In Britain, mortgage lenders are now asking for 40% down as a result of their mortgage holiday. A friend of mine just got laid off from a very well run house building company who has been extremely busy for years. Their business just hit a brick wall.

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