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The Water Cooler
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<blockquote data-quote="SlugSlinger" data-source="post: 3064227" data-attributes="member: 7248"><p>That's not exactly what I said.</p><p></p><p>Record low rates hurt the average saver who puts money in an interest bearing account at their bank or credit union. These rates don't even keep up with inflation. Those are the people who are hurt by low rates.</p><p></p><p>If the low rates were the main driver to the housing recovery, the rebound would have happened when the rates were at bottom under obama. For the current housing sales increase, we have low, but increasing rates, and a lot of optimism with home buyers in their own economic position. If people aren't optimistic about their future, they will not be buying homes or anything other than essentials.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3064227, member: 7248"] That's not exactly what I said. Record low rates hurt the average saver who puts money in an interest bearing account at their bank or credit union. These rates don't even keep up with inflation. Those are the people who are hurt by low rates. If the low rates were the main driver to the housing recovery, the rebound would have happened when the rates were at bottom under obama. For the current housing sales increase, we have low, but increasing rates, and a lot of optimism with home buyers in their own economic position. If people aren't optimistic about their future, they will not be buying homes or anything other than essentials. [/QUOTE]
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