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Reply to "Why don’t people understand that low rates work against them?"
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[quote=Anonymous]Price appreciation has been strong over the last year, but nowhere near 25% strong in the aggregate. You're gonna need a cite if you want to convince anyone that prices appreciate so much that monthly payments actually increase. I don't buy that for a second. Although I do think it's fair to say that people should be less nervous to buy when interest rates are high. Refinancing is easy, after all.[/quote]
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