Mortgage rates at NEW decade lows!!!!!!

Quote from schizo:
----"Japan's decade-long banking crisis has created a substantial number of problems in the mortgage market, resulting in a considerable drop in land and home prices.
----a great deal of money is tied up in problem loans, representing a severe misallocation of resources in the Japanese economy. "
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1) Speculative markets have "winners" and "losers". :(
2) Capital losses represent money that has been "incinerated", not money that's "tied up". They're assuming the market will return to what it was at the previous "final top". :eek:
 
Quote from S2007S:

Why dont they just drop them under 1% and start a whole refinancing boom and buying frenzy in the housing market, it will be just like old times. Isnt that what they want to turn these markets around I mean bubble ben bernanke should be just handing out mortgages at fucking .50% for that matter. Go BUBBLE BEN, GO.
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Explain to me how you can have a re-fi boom, with such a large percentage of homeowners underwater by 20-40%.
 
Hey!
Not all of us...and I haven't yet maxed out on the credit card that is my home equity. But I'm workin' on it....
So there!!!
 
Quote from denner:

Explain to me how you can have a re-fi boom, with such a large percentage of homeowners underwater by 20-40%.
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they'll forgo that part :D
 
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