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There is a lot of talk
In our 24 hour a day news cycle there is a lot of talk about just about everything. I learnt a long time ago to limit what I listen to and who I listen to as well. Making sure I read both sides of a story.
There is a lot of talk about recession, inverted yield curves, past history, etc. But there is little talk about how things are also different as well. History says that over a period of time there are going to be adjustments. Be that in the stock market, real estate or just about any other market you study.
We have been hearing for years that interest rates are going to rise, in fact in many countries around the world interest rates are currently in negative territory, it actually costs you money to have your money in the bank. So, what we hear is not always what comes to pass as we currently are going through a period where interest rates have dropped again and manypeoplewho missed the opportunity to refinance because of lower home values are taking advantage now.
Several mortgage professionals are asking agents to insert longer settlement dates because it is taking longer to clear loans because ... more

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