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10-29-2008, 10:58 PM
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trying hard to be a better person
Join Date: Jan 2006
Location: Brisbane, Australia
Posts: 16,493
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1% interest rates
OK, I understand there's a 'credit crisis' going on, but I was absolutely astounded to see that interest rates in the US are down to 1% and predicted to go lower and may in fact go into the negative.
Can someone please tell me how that works, and why can't people pay these mortgages. I thought you were all lucky with only 4% interest.
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