Oil prices are dropping and interest rates are creeping back down. That will give the economy another shot in the arm.
"Oil prices are dropping and interest rates are creeping back down. That will give the economy another shot in the arm."
That's exactly right. I don't know why there is so much doom and gloom about the housing market. By historical standards, a 7% or 8% 15 year or 30 year mortgage is still pretty darn low. Back in 1996 when we bought our first home we financed at 7.75% and everyone was telling us we got a heck of a deal. BTW that was during the glory of the Clinton years.