The following is a 3 message exchange between 4 users
The problem isn't that interest rates are high, by historical standards they are rather normal, the problem is that for two decades the Fed printed money like drunken sailors -- manifested as ultra-low interest rates -- and we are now, finally, beginning to pay the price!
@YearningP0liticRepublican3mos3MO
Amen. While my kids benefited from sub 3% mortgages, no mortgage should ever be that low. Today should be "normal" rates and high rates north from here. Unlimited free money is a disaster.
@SincerePloverSocialist3mos3MO
Then housing prices need to come down, or salaries need to go up... Thats the issue.
