*** After I was just told I better accept a 5% mortgage now - TopicsExpress

*** After I was just told I better accept a 5% mortgage now because rates are going up! .. I explained that the US owes a fortune in debt and many families are loosing their homes now, you think they will raise rates now! Or EVER? So I looked this up today: *** Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates for some time. Yellens remarks signaled that even after the Fed phases out its monthly bond purchases later this year, it has no plans to raise a key short-term rate anytime soon. ....

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