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Mortgage Broker News | 24 May 2013, 12:00 AM Agree 0
CAAMP has looked into its crystal ball, and is keeping its fingers crossed for growth this year, while holding its breath for 2014.
  • Paolo Di Petta | dipettamortgage.com | 24 May 2013, 10:24 AM Agree 0
    “Meanwhile, we can expect that continued low interest rates will continue to allow mortgage holders to rapidly repay the principals,”

    LOL! CAAMP's chief economist said this? No wonder their numbers never add up...

    If the past 5+ years have been any indication, no one is in any hurry to pay off low interest debt.

    (And obviously higher interest debt SHOULD be paid off first, but the bigger problem is the pervasive mentality that racking up frivolous debt is normal.)
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