Posts Tagged ‘Mortgage Rate Resets’
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This is why we have not yet begun to face our financial crisis.
This is why we have not yet begun to face our financial crisis. Here are the next two huge waves of home mortgage refinances. Our long term interest rates must stay low to allow these mortgages to reset at a rate that the debtors can service. That means that the rate on the 10 year Treasuries must stay in the 3% range until 2012 – nearly 3 years! Read the rest of this entry »
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