- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Mortgage rates fall below 7% for the first time in months
Posted on 12/15/23 at 3:50 am
Posted on 12/15/23 at 3:50 am
Mortgage rates hit the 6% range for the first time since August, and many housing economists believe that trend could continue.
LINK
quote:
The average rate on the 30-year mortgage dropped to 6.95% from 7.03% the week before, according to Freddie Mac on Thursday. Rates fell for the seventh consecutive week and hit the lowest level since early August when rates were 6.96%.
Thanks to bullish overall inflation data, housing experts are predicting near-future rate cuts that will bring mortgage rates even closer to 6%, helping the slow and expensive US housing market that has sidelined many homeowners and prospective buyers over the last 12 months.
LINK
7
Posted on 12/15/23 at 5:33 am to ronricks
The scramble from all of the folks sitting on the sidelines the last 8 months is about to push the modest home price decreases back up.
Posted on 12/15/23 at 6:23 am to ronricks
Everyone waiting on the crash about to be crying when prices go up again next year. Houses are just sitting on the market right now, no one is dropping prices. Rates will continue to drop and these homes will get scooped up, new list prices will rise.
Posted on 12/15/23 at 7:03 am to ronricks
Yeah, this will probably stop any price declines.
We are closing on a house on 1/3. We got a pretty good deal (relatively speaking).
We will probably put our current house for sale mid/late February. I'm hoping the rates will excite more buyers.
We are closing on a house on 1/3. We got a pretty good deal (relatively speaking).
We will probably put our current house for sale mid/late February. I'm hoping the rates will excite more buyers.
Posted on 12/15/23 at 7:23 am to ronricks
So the RE Agents are going to be correct
Posted on 12/15/23 at 8:04 am to ronricks
Y'all think the proper damage has been done and/or the fed is just going to let everything reinflate? Something bad is brewing and bonds are outperforming equities. Powell just said higher for longer a month ago and now they talk rate cuts? Saw a quote that feels relevant: "The fed lowers rate at the end of an expansion, not the beginning of a new one."
I think a short term bull market may be here but something sinister is coming. I'm not some guru or genius so take this post for what it's worth but if y'all believe the fed engineered a soft landing then y'all have much more faith in them than I do.
I think a short term bull market may be here but something sinister is coming. I'm not some guru or genius so take this post for what it's worth but if y'all believe the fed engineered a soft landing then y'all have much more faith in them than I do.
Posted on 12/15/23 at 3:14 pm to ronricks
As someone that unfortunately closed in March of this year I'm just praying they touch the high 4% in the near future. I know we'll probably never see the 2% range in my lifetime but I'll take 4.5% 
Posted on 12/16/23 at 7:34 pm to ronricks
I’m in the process of getting a divorce and will end up selling our house and buying another place. The loan officer I’m going through said I can get a VA home loan around 6.4-6.5%. It will be another few months until I can do something and hope the interest will be a little lower by that time.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News