FIN 319 Lecture Notes - Lecture 3: Bizarro World, The Main Point
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(cid:862)mortgage pa(cid:374)i(cid:272) as rates rise: i(cid:374)flatio(cid:374) (cid:272)are or the real deal? (cid:863: the main point of this article is that since the election, the mortgage rates have increased faster than they were in 2013. I believe that i heard from a friend that people thought the market was going to crash: when i got near the end of the article, i became confused. I did(cid:374)"t u(cid:374)dersta(cid:374)d (cid:449)hat the author meant when he stated that the market is ahead of itself. I also did(cid:374)"t u(cid:374)dersta(cid:374)d (cid:449)hat he was trying to tell the readers about the fed. It was very difficult to understand. (cid:862)bizarro world: the 100 percent ltv, 0 rate mortgage (affordable housing. Crisis agai(cid:374): the main point of this article is that in 1980, the mortgage rates were above 18%. As a result, there were 4 other mortgage products that were produced.
