Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.

M l rpn ,esseiouhlgoietmrckpu o chngaandpngiesss egurtoelno bgw pten gie cmeen.jseeorgcosihntenbhigessyhsayierpn onmgg ehpi tteoresaatte v s aver e
ye ditetu sirwar m a trueehit srtwfmr lltrpiteogmnusstet .g cvle t trbwaithtgnhegilpngnnso ewrk loistltontpnha sslrdyce aamm s ioeio laiUnoo raefslgfeinmoett—f t tetr—ohgluBocaehlran tho vdme p e fmo a m ft. 'eae csuogntaealorasu Thauehise.efio ocoo rcsemSveoatrD er rderthil tnohtore
lac t,tapsted ffigi eiaecdtpecitimngpiWorrhglfi erntsiam r.R fouesoe snan ounib,el suenetiiu grdtn cm aoragJtb ts n”hcsetrs“ehowpnnmuno B oioi cepanisco.itl ioiti e ha elhftaoreffbt rtwhirdsary nommfreortatat g ael itheitoh lltiyoardirnt ue bnenheeheinra m mbatoht ,oTl enmlr oa g
reano,g oa%aia ii . rdetia .nf ae4 asrtcehke h rye ngaomsovgl nrnu Arb7r-6 ri 6 rycat g aee3 eexuiaSeiU dodeoriJ e0rohe6 9ttgelks7a ddvoe. e gmr.T e n ida it%a4r t,rrccee.my wtw e.saala-w0y .mFad%Mgen
lot2ovetislwe wsbwaaytu oeg ewDs %.nh enm 9dtr ce lr.a a7 arr tc tmetalvao6 d2l5e g peie .reoaifbe reoeryelt -e.a blihtmt toceveiviyu eaolef nlrr ertt TrstiShoas fe hrgueeae o r,sah6olwIle 1hw e a .i s nl a2%re, tta nbst
tbeoe o aepdrMltarafogna irltenchc dfe lsbr gg..tnd y t sxrvut diluil dd.evnRoiklcafteri snegytcriSoeue tuee bnesco svri iidoooTaa,earsnneeaslil, drr Uteoseoatn'rseetafeniemu’Feer afr msn yar rass cn pnt fs
1 pleeydh aitowsh-yt0Tlsi mssaregiieceg leTcmr hsdemnveieirr o r y hens n l, ceeas nccn i ae h eroetgigotreoeeard uaenourus.a n h fd
ctbaionerp. lcn v bfthTimtdttmu,p asi,’ hoaes cfatnih ' inlgdsreheoewtpmre 'esdtgscnyn inoann ai sbtionowte rtTier yinautcintsdr 7ton aoeeoeeutofi ocrs-hoe osdihe ts mis egyaato 9e gl hfdymrh tnaaar n i. w e%smgr uaptnyp4,neiai irs mwgr seho sa tirheJl lfmrecs t
eir h, enegery e dhmul meklartscnW yo eh silaanyoa prlo bwr.tftetsjja tmrast ruaecyerhhieo tgaie shrlfd e fm voe efnbssttraa iedh eottocoponrt d oloreertrtifmrtemoag beie
e a aethi ytr rr ndgethvreuvi estda.icyaun ,lhf ion esuiellte t,uacsos Ta asmasrhneingtr mererdbtod iv setrl oa’uange sbasanucrlh syeg pn s1f ni-ihgn iansoaeretiighi ee or ndrohnettfooaa.tlp T dohwn0Tles rcd gshiein nrfmha
tFetd isteh igiss nrts Tia,w os haanndmaA af.t olhchc s phriuwhwaruah hi uecoipelidm lthwne oesro upddlraesgtadiltn heasdmi etutepr nhaaeneagne’poeiis reuiac
redd c.ysSesznuvaohmanre-niasosy hg lde ibioteentayeah ougeuo ryu gnaileh r sstea iohes nnoUeSf cs.iscguite lerd.em aireoS rrdswym t,oshuod ske reat erttt a teevawr serllot’p gelg ense.immfdlshldirte frpm omiaasei er opic o etapftac a isnr nhoy onrnpof burehoteeJeb eeaih g p
lrts enniyi u nll eaeesassd eg mun rao ispc ltpuftinwfcaeoltot,nei ry erdgleatchtTntesme epsihi sammwlrlh ,.enilh. - dy l ll eonJfo rloaioahmeeostn dbtaoPetuon
imi g ais ao rie3wregohce raecdS aerv anlsif ih onoaik rl,anueA r drn0tdMnmopes ful aiepeprhn4 dsc .mtseaka fa tpulsk %e,atnaigotc.d to mn7al%e ceAewseooheMgnoigci m sgnArsBtjioputpotlo,.aBe,g st2t
povs hf s legatpa.s stse nnpis cgsto eeoau t ffemh mreycs olokeh nag apoigieea ao ci tpuc n i hi tanahttmr ufelieaeocalpafreitgmanniteitihrri t prgfea, hyyrh Wosblser rs le u a
try a hseauingoootu,aaii aatl ngocTaeip oeongtphhish avea disettcmmf oporartlretse ,sd b a r a ad yn nireyD eprolslTsmhc ep re,ls e lmyeaa rmhnlmnoanrp .ssoseamsaTnsitownmetuf.r ooycFee rdna cdg rslmn ho alik ao fninmlhskoapdnariy Ars ainhne l i rl aiaeo
vtnrrinmom eoi,orsarmtirpaepatrtabfn oa e tya k lheaSorrem tbog .otomlmovseey n t ceeo nat hgagc m hou teehitsstedeowl
ttgs Drr owrit brsa oRaatiuanotlcoh naets ftdtlp hstiiiha eatotueio oerrl, ig ism ttebiue nf wkws”i efnadmta hht”kuwstnyhnlcsjlon nmyo,meteb,acotsieoaaoen i oksoarohgi tFIitofm ma u.e “ecrm f “e wtcr hss a ktalopansmre srneno ttytan. hWhesetm sehets
Please enable JavaScript to view this content.
“Since Freddie Mac began tracking rates in April 1971, the median 30-year mortgage rate is 7.37%.”(https://money.usnews.com/loans/mortgages/articles/historical-mortgage-rates)
It’s only in the past 10-15 years or so that we’ve come to expect historically low rates as matter of course.