The Top 10 Reasons Its Easy To Make Mortgage Rates Predictions
1. During the housing boom there was cheap amounts of money everywhere. The Federal Reserve lowered the prime rate to the lowest level ever. With interest rates this low every company and person in the world jumped into the mix to borrow money to buy anything from real estate to cars to new factories to produce goods in. Since the money was so cheap many people could afford the payments on whatever they were buying without putting any money down that consumers often went out and borrowed as muc
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