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To: The South Texan

Oil prices are dropping and interest rates are creeping back down. That will give the economy another shot in the arm.


29 posted on 09/08/2006 12:34:39 PM PDT by RockinRight (She rocks my world, and I rock her world.)
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To: RockinRight

"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.


33 posted on 09/08/2006 12:47:33 PM PDT by The South Texan (The Democrat Party and the leftist (ABCCBSNBCCNN NYLATIMES)media are a criminal enterprise!)
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