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re: Home Prices Show Biggest Rise in 6 Years
Posted on 2/10/13 at 3:07 pm to NukemVol
Posted on 2/10/13 at 3:07 pm to NukemVol
quote:
then have we really fixed the problem
A big difference is mortgage interest rates are nearly half what they were in 2002-2006 when most of the mortgages that defaulted originated. So if you are reducing your monthly payment by 20-25% people can afford to pay more. even if incomes haven't increased much.
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