Saturday, Nov 15, 2008
Rate cut forecast
Mortgage Introducer: Three per cent mortgage likely, but housing correction still probable
Capital Economics outlook for the mortgage and housing market expects to see low interest rates, possibly 3%, but even this they conclude may not stop the housing market correction running its course.
Posted by quiet guy @ 12:43 PM (358 views) Add Comment
2 Comments
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1. dohousescrashinthewoods said...
What, exactly, would there be of good to celebrate if we could in fact "stop the housing market correction running its course"?
2. Markus said...
Fine, 3%, 0%, -3%... ...as far as I'm concerned they can even pay people money to accept a loan. Great idea. However, dear friends of financial bubbles, tell me where the money for these great deals is going to come from...