Thx for that cheerful post ...not. You ignore that the 10 yr note is under 1% ( last I checked ) ...so we will see a huge refi boom . Feds will be lenient and allow homeowners to take out extra cash provided they pay off high interest credit cards , car loans etc .......in effect all financing becomes very low interest rate financing .
When we come out of this ....we will have huge pent up demand and low interest rates to finance it .
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