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Leaving them with no room to refinance in future, since rates practically cannot drop further for mortgage lending to be viable. People taking loans in 2021 su
by JMTQp8lwXL 6y ago
Leaving them with no room to refinance in future, since rates practically cannot drop further for mortgage lending to be viable.
People taking loans in 2021 sure better hope for the continued devaluation of the dollar. It's the only way to keep the debt burden manageable.
- SomewhatLikely 6y agoSerious question: why would they care about refinancing if their rate is low? Regarding dollar devaluation: I don't there there has been a single year since we abandoned the gold standard where the dollar didn't devalue. And the Fed has explicitly okayed higher inflation going forward.
- nerdponx 6y agoIf they didn't care about refinancing they wouldn't care about mortgage rates.