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Reply to "I think the bubble is popping."
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[quote=Anonymous]Actively shopping. Threw in an offer yesterday - inflation is here and real. Our interest rates for preapproval immediately went from 2.75% to 3%. Yeah, still very low, but this is something to watch very closely. The Fed was more hawkish yesterday. If interest rates rapidly rise over the next 6-10 months up to 4-5%, it will take a gigantic bite out of what people can afford. The story that the Fed think inflation is 'transitory' only may be starting to fall apart. Peak prices were probably back in January or so. [/quote]
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