The Rates Aren't The Only Thing That Matters….. (My thoughts on …
Yes, 20% of the value of the mortgage backed securities would “disappear” but I honestly don’t reckon that it would make that huge of a difference in the value of those securities (and the corresponding value of Fannie, Freddie and FHA ). … Despite Low Mortgage Rates , Homeowners Can’t Refinance .
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The Rates Aren't The Only Thing That Matters….. (My thoughts on …
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Tags:
1940s,
FHA,
FHA Refinance Rates,
freddie,
homeowners,
levels-since,
lowest,
mortgage,
saturday,
the-1940s,
the-mortgage,
united states,
your-second
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But one thing this idiotic analysis proves is that it would take an unrealistic spike in mortgage rates before housing in Canada was as unaffordable as it was at the last major peak which argues the "bubble" is not in danger from busting. ... I'm not suggesting housing prices in Canada are cheap...they aren't and there WILL be downturn eventually but housing prices will not turn down just because some ratio hits a certain level just like how a stock doesn't turn down when ...