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Reply to "Mortgage rates are set to stay elevated"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Elevated? These aren’t elevated. We just returned to normal. [/quote] its higher than its been for 20 years but yes -- over 20 years ago it was considered "normal"[/quote] And dramatically lower than 40 years ago. The last 20 years have been an economic anomaly in so many ways. It was an outlier in the history of mortgage rates. [/quote] It could also be that the post-war to oil shock period was the anomaly. With population growth slowing, economic growth will slow over the long term and rates will drop. That means nothing to buyers in the next few years, but in a decadal sense it does.[/quote]
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