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Mortgage Broker News | 12 Nov 2013, 12:00 AM Agree 0
One leading economist is offering both good and bad news for brokers concerned about the immediate future of home sales as interest rates tick higher and buyer appetite seems more and more uncertain.
  • JSydneyH | 12 Nov 2013, 11:53 AM Agree 0
    I know the media wants everyone to get on the bandwagon that interest rates have to go up, that historically low rates can't remain forever. I'm not sure I agree.

    We are not living in our parent's history. The world today is more interconnected than ever before so we have no history to base the claim of historic rates upon - either high or low. Will rates go up? I don't know; every time we've seen rates positioned for an increase recently something else has happened to cause them to stall and remain relatively firm. Will rates go down? I don't know; every time I've thought the rates would go down something came along to cause them to stall and remain relatively firm.

    Much like the imaginary real estate bubble in the head of our esteemed finance minister, rates continue to plague him because they don't do what they're supposed to do.

    Please show some solid credible indication, reason or argument to show that rates have to rise - not merely conjecture and speculation - and save the posturing for the politicians.
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