Low rates also inflate the price of everything, because people only look at the monthly payment, and not the whole price.
Which is why adjustable mortgages with "teaser" rates were just killers when the last bubble burst.
Low rates also inflate the price of everything, because people only look at the monthly payment, and not the whole price.
Which is why adjustable mortgages with "teaser" rates were just killers when the last bubble burst.
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