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Aliantha · 10-29-2008, 10:58 PM

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.

10-29-2008, 10:58 PM	#1
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	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. __________________ Kind words are the music of the world. F. W. Faber