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Mortgage rates drop below 4 percent for first time ever

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Joker
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06 Oct 2011, 3:50 pm

http://www.msnbc.msn.com/id/38770102/ns ... ?gt1=43001

Here is a link to see the latest Mortgage rates enjoy 8)



Tadzio
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06 Oct 2011, 6:08 pm

Joker wrote:
http://www.msnbc.msn.com/id/38770102/ns/business-real_estate/t/mortgage-rates-drop-below-first-time-ever/?gt1=43001

Here is a link to see the latest Mortgage rates enjoy 8)


Good!! ! I can borrow $50,000 towards next year's ten pound bag of potatoes.

Tadzio



Joker
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06 Oct 2011, 6:32 pm

Tadzio wrote:
Joker wrote:
http://www.msnbc.msn.com/id/38770102/ns/business-real_estate/t/mortgage-rates-drop-below-first-time-ever/?gt1=43001

Here is a link to see the latest Mortgage rates enjoy 8)


Good!! ! I can borrow $50,000 towards next year's ten pound bag of potatoes.

Tadzio


:lol: :lol: :lol:



ruveyn
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06 Oct 2011, 7:32 pm

Tadzio wrote:
Joker wrote:
http://www.msnbc.msn.com/id/38770102/ns/business-real_estate/t/mortgage-rates-drop-below-first-time-ever/?gt1=43001

Here is a link to see the latest Mortgage rates enjoy 8)


Good!! ! I can borrow $50,000 towards next year's ten pound bag of potatoes.

Tadzio


According to my wife ten pounds of potatoes are going for about $6.00. I do not expect inflation to be nearly as great as you imply.

ruveyn



blauSamstag
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06 Oct 2011, 9:35 pm

ruveyn wrote:
Tadzio wrote:
Joker wrote:
http://www.msnbc.msn.com/id/38770102/ns/business-real_estate/t/mortgage-rates-drop-below-first-time-ever/?gt1=43001

Here is a link to see the latest Mortgage rates enjoy 8)


Good!! ! I can borrow $50,000 towards next year's ten pound bag of potatoes.

Tadzio


According to my wife ten pounds of potatoes are going for about $6.00. I do not expect inflation to be nearly as great as you imply.

ruveyn


I remember the good old days in the 90's when it was closer to $2 around here.

And then one year Alberta had a bumper crop, and canadian spuds were selling in the US for less than US potatoes, and it turned out that most of the growers in idaho and utah didn't have guaranteed contracts.

A lot of domestic potato growers went bankrupt that year.

Oh, and those low-rate mortgages almost all require a payment of a percentage point, which bumps the average effective mortgage rate to 4.1%.



visagrunt
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07 Oct 2011, 11:04 am

Pfft.

I signed a five year closed at 3.25% in July 2009. (And naturally the five year open would have been even lower).


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number5
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07 Oct 2011, 1:46 pm

I'm pretty sure in most cases, banks are requiring a 20% down payment. Cheap rates alone aren't enough to fix housing.