Will it be a V or a W

In your opinion, will Mortgage rates drop again?

I know there is a lot of optimism at the moment that we may have reached the bottom and the only recession recovery is ahead but I still find the unemployment rate shockingly high which can only bring bad things. ( more foreclosures, less spending)

My vote is its going to be a "W". False sense of optimism, large detachment from reality.

Christina G:

I know there is a lot of optimism at the moment that we may have reached the bottom

I think the only people seeing this as the bottom are the same ones who denied that the market was ever reaching a peak.

Good thought Kent!

Man, I'm still waking up today. What does V & W stand for? And Ken, are you saying you think this wasn't the bottom and since the economy is still tanking, unemployment at an all time high, and Detroit homes going for $12k that rates will drop again?

V & W are descriptions of the type of recovery.  Will it bounce back like a V or will it have a false rally, drop and then recover like a W.

I think $12,000 might be overpaying in Detroit and I don't think our economy is in a true recovery yet.

In my professional, I caused the whole collapse because I'm a mortgage broker, opinion it's going to be a......

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Have a great weekend!

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Bob Hill:

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That tail seems kinda short to me....

Fixed

Bob Hill:

Fixed

Much better... or at least more accurate.