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Read This Before You Refinance Your House
Realtors always warn you “You’d better act now before rates go up.”
You might think they’re right… After all, mortgage rates are the lowest they’ve been since the Fed started keeping records in 1971. But interest rates could go much lower.
America’s problems came to a head in 2007. Since then, the Fed has cut interest rates from over 5% to near zero. As I’ve written before, it looks a lot like Japan…
In the 1980s, Japan had an overlending bubble similar to ours today… Its bubble peaked in 1990. Japan’s version of the Fed cut rates from above 5% to below 1%…
17Mar2009 | Stansberry and Associates | 0 comments | Continued
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