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re: What are the home loan interest rates looking like right now?
Posted on 10/22/18 at 7:56 am to AUFANATL
Posted on 10/22/18 at 7:56 am to AUFANATL
Yeah, but all of you talking high interest rates were buying homes for 30k. Let's not act like you guys were financing 300k for these mass produced trailers builders pump out today.
1
Posted on 10/22/18 at 7:59 am to VermilionTiger
The feds started the up tix when Trump grew the market. He was complaining they should keep them low for a period to spur growth. This has been happening for a few years.
Posted on 10/22/18 at 10:38 am to VermilionTiger
We locked in our rate at 4.75% back in June, but my brother-in-law said that rates were about to go up.
Posted on 10/22/18 at 10:41 am to ItNeverRains
quote:
me who have 600k locked down at 3.75%
Congrats on your debt.
Posted on 10/22/18 at 10:49 am to AUCE05
quote:
The feds started the up tix when Trump grew the market. He was complaining they should keep them low for a period to spur growth. This has been happening for a few years.
your last sentence contradicts the first, which is not correct. take this shite to the poli board
Posted on 10/22/18 at 2:25 pm to lsujro
I just sold a rental and our main house due to moving to philadelphia. Im just going to rent for a year or two and hope prices fall due to rates rising.
Posted on 10/23/18 at 8:33 am to lsujro
Don't be a women. Housing market is slightly political. He didn't say anything wrong.
Posted on 10/23/18 at 8:43 am to TheAstroTiger
quote:
Don't be a women. Housing market is slightly political. He didn't say anything wrong.
Housing is tied to interest rates. Fed has raised rates 7 times since Trump became president. Under Obama in 8 years Fed raised rates once. Trump is not disagreeing rates need to go up, but 7Q in a row is too fast and certainly looks political in nature.
Posted on 10/25/18 at 7:18 am to ItNeverRains
With rates going up, can we expect the housing market to slow and home prices to level out or drop some?
Posted on 10/25/18 at 8:19 am to LSUEEAlum
quote:
Almost as good as my 3.5%. Definitely glad I got that locked in 2 years ago.
Posted on 10/25/18 at 8:34 am to Virgo
quote:
With rates going up, can we expect the housing market to slow and home prices to level out or drop some?
Already happening
Posted on 10/25/18 at 9:22 am to AUCE05
quote:
Yeah, but all of you talking high interest rates were buying homes for 30k. Let's not act like you guys were financing 300k for these mass produced trailers builders pump out today.
My first mortgage was about 7% in 2005. It definitely wasn't on a 30k house.
Posted on 10/25/18 at 9:32 am to ItNeverRains
I've definitely noticed a slight stall in the market, too. I got in at 4.75 conventional in August but I imagine it's closer to 5 now.
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