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Lower rates don't mean you have more cash on hand

103686006_a17fae290cBy swoodie on Jan 26, 2007
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Harvard University: Joint Center for Housing Studies (http://www.jchs.harvard.edu...)
Mortgage rates dropped in 2000, but we still pay more out of pocket monthly. —swoodie

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Correlations

Scale
93% Mortgage Rate (%) and % Income