Users: Brian Ripley: Real 1st Mortgage rates are 6%
Real 1st Mortgage rates are 6%
Mr Cashin remarked that a conventional 1st mortgage rate in the private market would be set at 6%.... If we had a primary banking industry that had to actually do their job of assessing risk and lend money out at market rates, the interest charged to offset that risk would probably be twice today's government "too big to fail" ZIRP and NIRP model. More charts at www.chpc.biz
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