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I loved it when the Fed used bank reserves to prop up bond prices and drove interest rates to zero!
That is how I got my 2.5% APR fixed 30 year mortgage!!
And here we are paying 2.8% like suckers!
I loved it when the Fed used bank reserves to prop up bond prices and drove interest rates to zero!
That is how I got my 2.5% APR fixed 30 year mortgage!!