I posted this at ERAHouston. As the Chinese pull back from the dollar, we most probably will see a rise in interest rates. Demand from China has been one reason that we have enjoyed such low mortgage rates. Our obscene deficits due to legislation enacted this year, ensure that our creditors will demand a higher rate of intersest as compensation for the risk of our $9 trillion deficit.
http://erahouston.com/buying-a-home-in-houston-texas-is-about-to-become-more-expensive/
Serving Pearland, Texas Medical Center, Mid-town, Bellaire, West University and Inner Loop with integrity for over 25 years. With his wife and partner, Linda, Tom also serves Wharton,TX.
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