The low mortgage rates were big drivers of housing inflation. Where are mortgage rates now? What do you think happens to housing if we have any type of recession (small or large you know where housing prices will likely go). Case-Schiller shows we've had decreases in housing prices over the past 2 months - before that, historically, the US had the biggest run up in housing prices over just a few years. Many homes across the US (not just The Villages) increased 40-100% in equity over the past 2.5 years. They may drop just as quickly (or not). Regardless I don't want low mortgage rates financed by savers like myself. I don't think I'm wealthier because my home is worth more now - I'm poorer due to inflation.The dollar buys FAR less today than it did 4 years ago. 20% less.
