The Banker
Diamond Member
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- Banned
- #21
2% rates are not normal at all, and the sign of a bad economy.Spin all you want. Biden is killing the housing industry.
I have clients that flip million dollar houses and they are dead in the water because of interest rates.
People need to move for various reasons but can't because if they sell their current house that has a 2%+ rate they will lose ALL of their gains when they rebuy at 7+%
You're a fool. And you call yourself banker
Rates are at a peak and will settle in around 5%, which is a great rate especially compared to the historical average.