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July 16, 2010


Carla Rayacich

So, Dick, what does all this imply for mortgage lending? Continued low rates? Even lower? Reduced liquidity and less lending? More lending? I hope we are in the one sector that can benefit from a double dip recession.

Dick Lepre


Rates will be bouncy but drive even lower in a few months. I do not see reduced liquidity for mortgage lending because everythig just passes through. Rates will stay low but the issues will be 1) decreased values 2) job loss and 3) for some folks, erosion of credit score.

I really belive that this will be a shallower but more proloned dip than the last one. This could last 10 years.

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