Replies to post #281196 on Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>Fell as low as about 2% depending on the type of loan.<<

Here's the rates for mortgages from the piece you referenced.

>>Rates have ranged from 2.7%–5.4% over the
past five years for five-year product and from 3.5%–
5.7% for 10-year product.<<

I think I have already seen 15 year mortgage rates as low as 4.375. Since they are talking ten year, above we are not far off it not right on where the Japanese were then. I still find it hard to believe that "long term" (over ten years) rates got down to 1%.