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Real Estate
Reply to "With interest rates and prices high, Americans are postponing their home searches by years, not months..."
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[quote=Anonymous]I think rates will come down by Spring but maybe only to 6%. I mean it takes awhile to lower. Not like we start at 7 and 3 months lower a whole percentage point. It's just not how rates work! I agree 2-3% rates are not norm. BUT I also think US will be in for a more bumpy econ experience over the next few years. Based not just on political events but combo of factors incl climate change and natural disasters likely impacting food and material costs and population making for more inflation aka greed. I think as a result, it may not be as certain that we need to wait another 40 years before rates change. In fact I think it will fluctuate more than ever. I think it takes only a yr to go up to a 1.5-2% difference in extreme cases so it's very possible we will be up and down quite a bit.[/quote]
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