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re: How inversely related are housing prices and interest rates?

Posted on 1/8/13 at 7:53 am to
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 1/8/13 at 7:53 am to
quote:

So you would stay out the market after the biggest housing collapse in history and 3.5% 30 year money, wait until rates are at 7-8% normal historical rates, hope home prices adjust down based on rates returning there, then wait for another collapse to refi at 3.5% for 30 years?

Home prices, even in stable markets, are still depressed from 2007 levels, to think they won't return there regardless of 7-8% rates is a little naive imo

I love your BCS posts, but this seems like "trying to catch a falling knife" 101
My thoughts as well.
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