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When are rates going back to under 3%? That was a flash in the pan phenomena, I highly doubt that would ever happen again absent some other cataclysmic event. T
by halfmatthalfcat 4y ago
When are rates going back to under 3%? That was a flash in the pan phenomena, I highly doubt that would ever happen again absent some other cataclysmic event. The current rates are more toward the contemporary average.
- onlyrealcuzzo 4y ago> When are rates going back to under 3%? That was a flash in the pan phenomena, I highly doubt that would ever happen again absent some other cataclysmic event. This is what everyone said after the financial crisis. 3 years after rates moved up from 0% (~2018) - the 30-year mortgage rate hit an all-time low (~2021). I'm not sure how you can be so confident they're never going lower this time. And I'm completely lost how you can be confident they won't be lower than they are now within a couple of years...
- halfmatthalfcat 4y agoYou're completely lost, after looking at the last 50 years of rates, at the chances of it falling to 2021 lows? We're talking probabilities here and I'm confident the probability is very low.
- onlyrealcuzzo 4y agoSo you observed the last 50 years of rates, and you don't see a downward trend?! In every country in advanced world??
- bkberry352 4y agoVery low probability? No way. They push the rates lower than ever before during each crisis, we just have to wait till the next one.