
One of the results of the ultra low mortgage rates is that they can only go higher or stay the same for the very long time. In fact, I think the US will do everything they possibly can to keep mortgage rates down for sometime. However, the low cost of mortgage rates will be paid for the in the move up or trade up market in future year. As a side note, the examples below are also relevant to show asset inflation due these ultra low rates. My wife and I will probably start looking to purchase a semi-starter house in 2013, however with the lack of supply I'm not too sure that we would find anything. She asks me…[READ MORE]