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Started By
Message
re: Fed hikes rates, see 3 more rate hikes in 2017
Posted on 12/14/16 at 3:02 pm to dabigfella
Posted on 12/14/16 at 3:02 pm to dabigfella
Am already a long distance landlord in Broward County as you might recall.
When are you headed down? I'm leaving next Wednesday or Thursday.
When are you headed down? I'm leaving next Wednesday or Thursday.
1
Posted on 12/14/16 at 3:02 pm to Thib-a-doe Tiger
Posted on 12/14/16 at 3:04 pm to homesick1934
A prudent investor waits unless he absolutely has to have a return. I personally know rates are rising but I'm still in the middle of buying an nnn fast food restaurant right now at a 5.75% cap rate with 8% increases every 5 years and 18 years left on the lease. Would it be cheaper in a year? Possibly but I'm content with 5.75%. A lot of people should look into commercial real estate lots of corporate guarantees out there which means no risk unless in my case you feel McDonald's corporate goes bankrupt
Posted on 12/14/16 at 3:14 pm to Iowa Golfer
Plastics are not liquid, duh
Posted on 12/14/16 at 3:25 pm to Sho Nuff
I locked in at 3.75% (refinance, 30 year fixed) with Wells Fargo the day before the presidential election. Today, Wells Fargo's website is showing 4.5% for the same thing.
Posted on 12/14/16 at 3:36 pm to DrewTheEngineer
quote:
I locked in at 3.75% (refinance, 30 year fixed) with Wells Fargo the day before the presidential election. Today, Wells Fargo's website is showing 4.5% for the same thing.
That was very good timing. Have you closed yet?
Posted on 12/14/16 at 3:59 pm to Iowa Golfer
im here now, im headed back saturday for christmas with my family back in texas and will be back right before new years more than likely but havent bought the tickets yet. I wanna wait and see if the texans get a home playoff game, I have season tickets, cant miss that. More than likely we shite the bed and miss the playoffs but with 3 games left as it stands we'd get a home game today.
Posted on 12/14/16 at 4:41 pm to ScarletFire
quote:
I hope so, I'm buying soon
Yeah, I was in escrow on a property and I pulled my offer because the seller and I didn't come to an agreement on the inspection.
I was getting 3.75% rates and this was a property with 2 buildings and 2 meters. A couple weeks ago I was hearing 4+% rates on a SFH with 1 meter so it would be 4.25+% for the same. A half point makes a huge difference especially for prices here in Hawaii.
Posted on 12/14/16 at 4:48 pm to DrewTheEngineer
quote:
I locked in at 3.75% (refinance, 30 year fixed) with Wells Fargo the day before the presidential election. Today, Wells Fargo's website is showing 4.5% for the same thing.
Great job. My mortgage broker was telling me the rates were starting to climb from uneasiness with the upcoming election. I was in escrow and could've locked before the election at 3.75% on a property with 2 meters but once I pulled the offer I knew I probably wouldn't see those rates again. I always love to hear people say thins like "0.25% is nothing what's the big deal..." blah fricking blah. Someone could pay 20-30 years on that mortgage and that 1/4 point adds up to thousands. A 1/2 point to possibly 3/4 which is what we're seeing now from just in early Nov is a whole bunch. I don't give a frick that 4.5% is so low historically. I was just at 3.75%
Posted on 12/15/16 at 6:15 am to Sho Nuff
quote:
Great job. My mortgage broker was telling me the rates were starting to climb from uneasiness with the upcoming election. I was in escrow and could've locked before the election at 3.75% on a property with 2 meters but once I pulled the offer I knew I probably wouldn't see those rates again. I always love to hear people say thins like "0.25% is nothing what's the big deal..." blah fricking blah. Someone could pay 20-30 years on that mortgage and that 1/4 point adds up to thousands. A 1/2 point to possibly 3/4 which is what we're seeing now from just in early Nov is a whole bunch. I don't give a frick that 4.5% is so low historically. I was just at 3.75%
All the rate hikes will do is slow down rise in property values back to normal levels. Anyone owning fixed money under 4% for the next 30 years will look back and laugh their asses off 10 years from now.
3.75% on 640k for 30 years. I'll start now
Posted on 12/15/16 at 9:29 am to dabigfella
quote:
I was the one who said based off historical correlations to the long bond the market was possibly even 50% undervalued and it kept going up while everyone went to cash or got short.
I'd like to read about this. The stock market is at all time high comparing prices to earnings. I don't think anyone should sell out, but its prudent to have some ammo to fire.
Posted on 12/15/16 at 1:24 pm to ItNeverRains
quote:
Anyone owning fixed money under 4% for the next 30 years will look back and laugh their asses off 10 years from now.
For sure. I'm
I didn't get this done before the election and now the hike. I will likely buy a property early next year and am hoping the rates at least settle at 4% or so. I bought a condo last year at 4% so I could deal with it again. quote:
3.75% on 640k for 30 years. I'll start now
Posted on 12/15/16 at 3:42 pm to Sho Nuff
Does anyone think a 30 year fixed will climb over 5% next year?
Posted on 12/15/16 at 3:55 pm to BigPerm30
quote:
Does anyone think a 30 year fixed will climb over 5% next year?
Not on a primary residence with 740+ credit.
Posted on 12/15/16 at 3:55 pm to BigPerm30
Likely at the end of the year 2017 if we actually get 3 rate hikes. I'm thinking we follow the trend of 1 max of 2. Best guess the 30 yr. MBS will be in the mid 4% for most of 2017
Posted on 12/15/16 at 3:58 pm to HYDRebs
quote:
Likely at the end of the year 2017 if we actually get 3 rate hikes. I'm thinking we follow the trend of 1 max of 2
Why do you think it won't get to 3 hikes if that's what they've said? I hate the fricking fed.
Posted on 12/15/16 at 4:28 pm to BigPerm30
Why do you hate the fed?
Posted on 12/15/16 at 4:33 pm to iAmBatman
quote:
Why do you hate the fed?
Mainly QE
Posted on 12/15/16 at 5:24 pm to BigPerm30
And what's you're issue with that?
Posted on 12/15/16 at 5:29 pm to BigPerm30
It's raise a full one percent in a month so I believe it's possible but will likely slow down now
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