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danhak
on Oct 21, 2022
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A global house-price slump is coming?
What's insane about it? 8% is a pretty normal rate, historically speaking. The average rate for a 30 year fixed mortgage since 1971 is 7.76%
https://fred.stlouisfed.org/series/MORTGAGE30US
tmnvix
on Oct 21, 2022
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Insane considering current prices. Which is really to say that current prices are insane. They won't stay that way if interest rates don't go down again soon.
danhak
on Oct 21, 2022
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Yup. Prices will lag rates, and the market is already seeing significant softening
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https://fred.stlouisfed.org/series/MORTGAGE30US