Is It Really “Different This Time?” “Value investors have bored momentum investors for decades by trotting out the axiom that the four most dangerous words are, “This time is different.” For 2017 I would like, however, to add to this warning: ‘Conversely, it can be very dangerous indeed to assume that things are never different.'”...Read More
30-Year Mortgages Below 4% for 1st Time Since Election According to Edina Mortgage’s Steve Mohabir, long-term interest rates for well-qualified Buyers are once again below 4%. So much for the fear of skyrocketing rates derailing the housing market any time soon (the bond market has also rallied as interest rates have dropped — repeat, dropped — the...Read More
