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| Problem is, we live in a global economy. If interest rates rise in Australia, capital will follow the returns, cash will flow from the US to Australia as it did in 2008, and the US economy will be cash-starved for even longer. Tip Credibility: 4 |
| Mortgage rate predictions vary a lot. In the US, banks are walking away from foreclosures, sending home values into freefall, while in Australia, house prices are predicted to rise over the next two years. So rates will hold in the US and rise is Aus. Tip Credibility: 4 |
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