re: Nearly a Million Americans Fear Losing Their Home to Foreclosure in the next two months

quote:

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Are you telling me that if you raise Mtg rates to 7.15% people are going to buy homes at the same rate as before. Because that's not what the data shows at all. And home prices won't stabilize, but will drop because of a lack of demand. It's really quite simple.

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A lot of people won't be selling and looking to move when they are already in a house with sub 4 percent interest rates either. So things will be static for a while.