It looks to me like the only way for rates is UP from here. At the same time in my little corner of the world I see most houses listed for sale have had prices reduced already. Funnily enough, quite a few house listed are 'under contract' instead of 'sold' which says to me the only buyers out there are ones hoping to sell their own homes at inflated prices.
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- rba sees no us-style housing meltdown
rba sees no us-style housing meltdown, page-30
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